What is "PASSIVE INCOME"❓
‼️🚭
Passive income refers to money that is earned with little to no effort or active involvement after the initial investment or setup. It’s income that comes regularly without you needing to work for it continuously.
Examples include:
Staking (Cryptocurrency): By staking crypto assets on blockchain networks, you can earn interest or rewards over time with minimal effort.
Yield farming / Liquidity providing (Crypto): These methods allow you to earn passive income by providing liquidity or participating in yield farming on crypto platforms.
Dividend Stocks: Holding stocks that pay dividends allows you to receive periodic payments without needing to actively manage the stocks.
Rental income: If you own property and rent it out, you can earn passive income through rent payments.
Affiliate marketing: If you have a website, YouTube channel, or social media presence, you can earn income through affiliate links or advertisements without having to work for each sale.
These are different from active income, where you must actively work to earn money. Passive income builds over time and can generate a steady stream of earnings with less ongoing effort.
