Passive income has to be one of the most delightful ways to make money.
The reason why passive income is appealing is that it requires little effort to make money. This is what is often referred to as making your money work for you. Generally, you invest your money in a product that will generate an income.
But beware, passive income is taxable. However, don’t let the tax deter you from creating a passive income. Passive income is taxed differently than active income, but it is still taxable so be knowledgeable before investing.
The reason why passive income is appealing is that it requires little effort to make money. This is what is often referred to as making your money work for you. Generally, you invest your money in a product that will generate an income.
But beware, passive income is taxable. However, don’t let the tax deter you from creating a passive income. Passive income is taxed differently than active income, but it is still taxable so be knowledgeable before investing.