Passive income

by deceneu on Tue 02/21/2023 05:22 PM

Passive income refers to earnings that are generated without direct involvement in active work or labor. There are various ways to earn passive income, and some examples include:

Rental income - earning income by renting out real estate property, such as a home or apartment.

Dividend income - earning income from investments in stocks or mutual funds that pay dividends to shareholders.

Interest income - earning income from interest on savings accounts, CDs, or bonds.

Capital gains - earning income from the sale of investments such as stocks or real estate at a profit.

Royalties - earning income from creative works such as books, music, or artwork that generate royalties.

Peer-to-peer lending - earning income by lending money to individuals or businesses through online lending platforms.

Affiliate marketing - earning income by promoting and selling other people's products or services and earning a commission on sales.

Rental income from equipment - earning income by renting out equipment such as cars, boats, or machinery.

Online courses and e-books - earning income from the sale of digital products such as online courses or e-books.

Licensing intellectual property - earning income by licensing patents, trademarks, or other intellectual property to others.

It's important to note that some forms of passive income may require an initial investment of time or money to set up, and may also require ongoing management and maintenance.

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