What is Passive income?
It is a way to generate money without the need to work every day to generate them “you make money while you are sleeping”.It sounds good but to generate passive income is not easy and usually, you need time upfront or if you don’t have time but you have money you can outsource the upfront work(someone to write an ebook for you and you only need to publish it and make a passive income.)
Let us say that you write a quality 20,000 word ebook (insanely not passive:), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your phone each morning as sale after sale after sale is made…on an ongoing basis and without any additional work. That’s some seriously passive goodness!
To choose which type av passive income is for you, you need to decide first what you want to invest: Upfront work or money?