In simple language Passive income can be interpreted as an income that is obtained without having to actively work, or only requires small activities. If we have passive income, it means we are preparing for the future to be financially independent. Passive income is often called a silent investor.
In my opinion there are 4 types of passive income that we need to try, including:
1. Crypto, investing in crypto is not only waiting for capital gains but we can also include the crypto we have to participate in staking, so we will get new crypto, or at least we can save the crypto we have to earn interest.
2. Paper Assets, for example deposits, stocks, or mutual funds that can provide interest or yields even when you sleep.
3. Joint venture, you only need to give some money as an investment for a business, without having to actively work, such as mobile service, laundry business, opening a food stall, mini market, etc.
4. Property, such as renting out houses, shops. land, inn etc.
Whatever type of passive income you choose, of course it must always be developed so that finances remain safe, the investment value can increase in the future.
In my opinion there are 4 types of passive income that we need to try, including:
1. Crypto, investing in crypto is not only waiting for capital gains but we can also include the crypto we have to participate in staking, so we will get new crypto, or at least we can save the crypto we have to earn interest.
2. Paper Assets, for example deposits, stocks, or mutual funds that can provide interest or yields even when you sleep.
3. Joint venture, you only need to give some money as an investment for a business, without having to actively work, such as mobile service, laundry business, opening a food stall, mini market, etc.
4. Property, such as renting out houses, shops. land, inn etc.
Whatever type of passive income you choose, of course it must always be developed so that finances remain safe, the investment value can increase in the future.