PASSIVE INCOME

 Passive income is money earned with minimal effort or active involvement. It is income that you receive regularly without having to actively work for it on a day-to-day basis. Passive income can come from various sources, and it allows individuals to generate earnings even when they're not actively working. Here are some common forms of passive income:

1. **Investments:** Earnings from investments such as stocks, bonds, mutual funds, or real estate properties. This income can come in the form of dividends, interest, or capital gains.

2. **Rental Income:** Earnings generated from owning and renting out real estate properties, such as residential or commercial properties.

3. **Royalties:** Income from creative works like books, music, patents, or trademarks. Authors, musicians, and inventors often receive royalties for the use of their intellectual property.

4. **Dividend Income:** Payments received from owning shares in a company. Many publicly traded companies distribute dividends to their shareholders as a share of their profits.

5. **Business Ownership:** Passive income can be generated by owning a business, especially if you have passive involvement and rely on others to manage day-to-day operations.

6. **Peer-to-Peer Lending:** Earnings from lending money through online peer-to-peer lending platforms, with interest payments from borrowers.

7. **Residual Income:** Typically associated with network marketing or affiliate marketing, where you earn commissions or bonuses based on sales generated by your referrals or downline.

8. **License Fees:** Earnings from licensing your ideas, products, or technologies to other companies for a fee.

9. **Digital Products:** Passive income can come from selling digital products or online courses, where you create the content once and continue to earn from it over time.

10. **Annuities:** Periodic payments from an insurance or financial product, often used for retirement income.

Passive income is often seen as a way to achieve financial independence and reduce reliance on active employment. However, it's essential to note that generating passive income often requires significant initial effort or investment, and it may take time to build up to a level where it can cover living expenses. Additionally, not all passive income sources are entirely hands-off, and some may require ongoing management or maintenance.