👉Passive income is money that a person earns without directly putting in work. While they may have to put in some up-front work, they do not need to put in direct work in order to make an income. In other words, they could go to bed and make money whilst they sleep from passive income strategies such as online products or rental property that continuously make money for them even when they are not there.
👉Most people who have passive income streams have found that once they have one income source up and running, it is easier for them to create multiple income sources. These are often referred to as multiple streams of income.
❓ What is your take away?