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Passive income is gained by investing in the long term.
Or by selling things that cost nothing to make, beyond a one-time creation effort, like digital books.
Both of these kind of things assume some things
i) you invest in the right things
ii) you can create something that people will actually want in exchange for beer tokens
Howard-
Or by selling things that cost nothing to make, beyond a one-time creation effort, like digital books.
Or by rent seeking on assets that you control.
Easy if you are a boomer that bought their house when it cost less than a year's salary. A little harder if you're a millenial that works 3 jobs, pays 80% of their income on rent, and a single bed apartment with a shared bathroom costs 8x your annual income before tax.
NotThamesWater
Passive income is gained by investing in the long term. Compound interest is your friend.