Understanding Passive Income/ Passive Income Is The Fast Way To Wealth

2 years ago
3

The first step is to understand what passive income is and how it differs from the
kind of income you earn working an hourly or salaried job. The differences are
key because they point the way to financial freedom. If you want to be your own
boss and the master of your own destiny, passive income is the way to do it.
The Differences between Active and Passive Income

Is passive income—income generated without your real time presence—truly possible, or is it just a pipe dream?

YES! It is possible! But there’s usually nothing passive about the initial work required to set up an income stream that provides recurring monthly revenue. There are many ways to start generating passive income and they ALL require you to put up an asset up front: either time or money.

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