King bell
VIP Contributor
Passive income is a form of income that's not dependent on the performance of a company or individual. Instead, it relies on its own merits. Passive income can be earned through investments, savings, discounts, royalties, goods and services sold without the active effort of earning money.
Passive income may not be a reliable source of money, unless the business and financial plans are stable. It would be wise to compare the potential performance of passive income with that of active income for a better comparison.
Passive income is not only applicable for growing any kind of businesses, but can also be a form of earning money from household work. It is important to look at the context before jumping into passive income to avoid losing money.
Passive Income has been considered as reliable source of income since this source does not require too much investment compared with other sources. Since most entrepreneurs are always looking for their next big idea, they need a reliable source that will provide them with moderate growth in return without taking too much risk from their part.
Passive income may not be a reliable source of money, unless the business and financial plans are stable. It would be wise to compare the potential performance of passive income with that of active income for a better comparison.
Passive income is not only applicable for growing any kind of businesses, but can also be a form of earning money from household work. It is important to look at the context before jumping into passive income to avoid losing money.
Passive Income has been considered as reliable source of income since this source does not require too much investment compared with other sources. Since most entrepreneurs are always looking for their next big idea, they need a reliable source that will provide them with moderate growth in return without taking too much risk from their part.