Passive Income Ideas Free online reading
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Synopsis
| author： | John Cambell |
|---|---|
| readBy： | Florin |
| inLanguage： | english |
If you’re a forward-focused thinker, you may be dreaming about leaving the workforce to enjoy an easier life in retirement or you might even be considering retiring early. But a dream without a plan is just a wish.
To put some wheels on that dream, you need to consider passive income. There are plenty of different passive income options and explanations of how to build it. If you’re new to the idea, I’m about to break it down for you.
What Is Passive Income?
Passive income is money you earn in a way that requires little to no daily effort to maintain. Some passive income ideas - like renting out property or building a blog - may take some work to get up and running, but they could eventually earn you money while you sleep.
Why build passive income?
Your income is your greatest wealth-building tool - a tool that typically requires your active participation in the form of a full-time job. You know what I’m talking about! Even if you love your job, I’m willing to bet you wouldn’t mind earning some extra income without the blood, sweat, tears, and time commitment of another job.
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John Cambell
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