Making money for doing nothing — sound too good to be true? While passive income can generate you some extra revenue with little to no effort on your end, it’s important to note that there is some amount of set up required to see significant ROI.
Technically speaking, passive income is defined as any earnings derived from an enterprise in which a person is not actively involved. What that means is that passive income is not tied to how many hours you work. In order to better understand, check out the examples of passive income streams and how you can get started in the infographic below. Once you understand the different types of income, you can decide which aligns with your life goals with respect to work and money. Then you’ll be well on your way to earning money while you sleep!