Definitions are many, but in simple terms, Passive income means without working getting money into your account.
There are so many ideas currently floating.
In my experience, I am saying, use your passion to generate more money in your spare time.
Whatever is your passion- Just think that how you will help others with that Just add money at the end.
- Getting interest from bank fixed deposits
- Getting money from your business
- Getting Rental income
- Selling of products
- Networking/Affiliate marketing
To do all the above we need financial knowledge. I have created a Store with selected books-with these you can boost your passive income.
Thanks for Reading!