First time I heard about passive income is from the idea of the book<
What is passive income? Passive income is the subconscious income, which we don’t have to work and the income will be still continue come.
Example of the passive income:
i) Businesses that do not require our presence. We own them, but managed by others. If we have to work there, it’s not a business, and become our job.
ii) Stocks.
iii) Mutual Funds.
iv) Income-generating real estate.
v) Royalties from intellectual property such as music, book, scripts, patents.
I have involved in Stocks, Mutual Funds and Income-generating real estate. Still don’t have a chance to have my own business and any royalties.
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