Passive Income Ideas

What is Passive Income? Passive income is earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved. It's the money you earn while you're sleeping, providing a way to build wealth and achieve financial independence.

Benefits of Passive Income Passive income allows you to earn money with minimal ongoing effort, giving you more freedom to spend time on other activities, such as hobbies, travel, or spending time with family. It also provides financial security and can be a powerful tool for wealth building.

Mindset and Preparation Creating passive income requires an upfront investment of time, money, or both. It's important to have the right mindset, be patient, and be prepared for the long-term commitment.