Passive

Passive income refers to earnings generated with minimal ongoing effort after the initial setup. Unlike a traditional job, where you work daily for a paycheck, passive income streams—such as rental income from property, earnings from investments, or royalties from creative work—continue to generate money over time with little active involvement. It's a way to diversify your income sources and potentially build wealth over the long term, providing financial stability and freedom. However, establishing passive income often requires upfront effort, planning, and sometimes initial capital investment.