What is Passive Income?

Passive income is defined as consistent earnings that can be earned and maintained with little to no effort. Passive income can be generated from various sources and side hustles such as investments in which the individual does not have to be active or participate. The vast majority of passive income ideas necessitate an initial investment of time, money, or other resources. They will also require some supervision or general maintenance to keep things running smoothly, but they will not require you to devote tens of hours. If you're considering creating a passive income stream, here are some passive income ideas for building wealth:
Investing
When you invest, you take money that you already have and use it to make more money.
Asset Building
This entails acquiring an asset that generates income passively over time.
Asset Sharing
In this context, sharing entails selling or renting out assets you already own.

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