Passive Income

Passive income is the income derived with minimal effort or direct involvement in earning activities. Although the idea of "earning money while you sleep" captures the essence, creating passive income typically involves an initial investment, effort, or setup. Common sources of passive income include rental properties, cryptocurrency investments, or holding stocks that yield consistent returns without requiring continuous, hands-on management. While certain passive income streams may demand significant effort initially, they eventually generate income autonomously, enabling individuals to earn money even when not actively working or engaged in daily operations.