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”.
Link to Tweet here.

Conclusion

Final words

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  • 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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Posty

Posty

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Crypto Trader and Investor since 2018. Writing to educate.