what you must know about passive income
Passive income refers to earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved. Some common types of passive income include: Dividend Stocks: Investing in dividend-paying stocks that provide regular income. Real Estate Rentals: Owning property and earning rental income. Peer-to-Peer Lending : Providing loans to individuals or businesses through online platforms. Royalties : Earnings from intellectual property like books, music, or patents. Affiliate Marketing: Earning commissions by promoting other companies' products or services. High-Yield Savings Accounts : Earning interest from savings. Automated Online Businesses: Websites or e-commerce stores that require minimal maintenance. Building passive income often requires an initial investment of time or money, but the goal is to create a source of income that requires little to no ongoing effort to maintain. Okeke Innocent c ✍️