What is Passive Income?

What is Passive Income?

Passive income is money you earn that doesn’t require you to do a lot of “active” work to continue making it. The work tends to be front-loaded: If you create an online course, the sales continue rolling in long after its launch.

You’ve probably heard the expression, “make money while you sleep.” That’s the biggest draw that entices people to earn passive income. You can create something (a blog, course, ebook, videos, or an online store) that generates money even when you’re not working. Or you can own something (property or stocks) that allows you to earn passive income