What is Passive Income?
Passive income is a type of income that requires little to no ongoing effort to maintain. It is income that is generated with minimal effort on an ongoing basis, typically from investments or other sources of capital. Passive income can come from a variety of sources, such as rental properties, dividends from stocks or mutual funds, interest on savings or investments, or revenue generated from a business in which you are not actively involved. The goal of building passive income streams is to increase financial stability and independence by generating a steady stream of income without the need for constant work.
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