
The Power of “Passive Income”
The definition of passive income is revenue that is generated in a way that doesn’t involve significant or ongoing labor, energy, or time to earn or maintain. In other words, it’s basically what’s referred to as “making money while you sleep”. There are three main ways to generate passive income: buying real estate, starting a business that involves limited effort, or investing in the market. It is important to identify what option is best for you according to your individual goals and objectives.