A Beginners Guide to Passive Income

“If you don’t find a way to make money while you sleep, you will work until you die.”

What is passive income?

How does it differ from active income?

Image credit.

Three passive income examples, explained.

  • if you rent out the property and it generates income, it’s an asset
  • if you live in the property you own, but have tenants in a spare room which covers the mortgage, it’s an asset”.
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Conclusion

Final words

  • For more content, follow me on Medium and Twitter.
  • If you’re interested in trading or want my more ‘important’ announcements, join my Telegram group here.
  • If you want to discuss this topic further or have any questions, my DM’s on Twitter are always open.
  • As the title suggests, this is a beginners guide and there is much more to learn about passive income. There are endless amounts of free resources online!

Disclaimer

Thanks for reading, Posty.

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price action crypto trader.

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Posty

price action crypto trader.

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