Overview

Passive income refers to the money earned from sources that require little or no effort on the part of the recipient. It is often considered an ideal form of income because it allows individuals to earn money without having to actively work for it. Examples of passive income streams include rental income, dividends from stocks, interest from savings accounts, royalties from creative works such as books or music and a whole lot more. Building multiple streams of passive income can be a smart financial strategy for those looking to increase their wealth and achieve financial independence. Passive Income 101 gives 24 different passive income ideas that may be perfect for you.

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