A passive income is any income that requires little to no effort to maintain, such as rental properties, dividends, or interest from savings. Passive income can be a great way to supplement your regular income or even replace it altogether. There are many different ways to create passive income, and the best method for you will depend on your individual circumstances and interests.
Passive income can be a great way to achieve financial independence. By creating multiple streams of passive income, you can reduce your reliance on your regular job and have more time to pursue your passions or spend time with your family. Passive income can also provide you with a safety net in case of job loss or other financial emergencies.