Passive income: It’s the best income

Passive income

Passive Income is the best income

Why is passive income the best income? Well first let’s break down what passive income is.  Passive income is earnings derived from equity investments such as rental properties, dividends, enterprises, or limited partnerships that you are not directly involved with.

Basically you give someone money and they give you a small amount of money back for an indefinite amount of time. The time could be forever provided the equity in your investment doesn’t go to $0. Passive income can be derived from numerous sources, the majority of which are available to everyone with minimal efforts.

What are some common sources of passive income?

Passive income can come in many varieties. I’ll touch on a few of the most common ones Read more