Passive Income and Passive Investing
You may have heard the term passive income or passive investing before, but what does it really mean? At its core, earning passive income means you have separated how you make money from your time. This approach to income is much different than “active” income, such as showing up for work each day, where your time and income are linked. When investors master passive income, they can have a steady stream of payments coming into their bank accounts automatically every month with little to no effort. The majority of their time is spent up front, conducing due diligence on investment opportunities.