Ever dreamt of a retirement in which you don’t think about how much you earn? Ever see yourself making money without burning hours off at an office? If that’s what you think of, then you might want to start earning through passive income. We will give you the definition of passive income, how it can benefit you, how it can be in the long run; literally, everything you need to know about running a business that earns you an amount of money that you don’t have to spend hours on.
In this article, we will focus on the overview of passive income and how I can generate passive income. We will tackle the other topics on a separate article.
Overview of passive income
Can a normal person earn from business and through passive income?
How can I have a business that generate passive income?
Let’s start by defining what passive income is. Basing it on the definition, passive income is a string or source of income in wherein the money works for you. It is a regular source of income wherein you receive money on a standard rate. Although this is the case, there are scenarios where your returns can be lesser. On the other hand, the profit you will gain can actually also depend on the performance of your business. So, it can exceed what your expectations are.
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