Introduction to Passive Income: Understanding the Basics Passive income refers to revenue generated with minimal active involvement or ongoing effort. Unlike active income, which is earned through direct labor, such as a traditional job or freelance work, passive income is designed to continue flowing in even when one's active participation...

Introduction to Passive Income: Understanding the Basics Passive income represents earnings derived from sources other than traditional employment or active work. Unlike active income, where time and effort directly correlate to financial remuneration, passive income streams continue to generate money with minimal ongoing maintenance. This financial strategy is central to...