What is Passive Income?
Passive Income is money earned on a regular basis, requiring minimal to no effort by the recipient to maintain it. This income is typically generated from a single initial investment in either a business or desirable asset from which you receive compensation with no ongoing obligation to the business or asset. When buying into a business, you are considered a silent partner, wherein you have no commitment to contribute to daily business activities but still share in the profits of the business. When generating passive income through an asset, an investor first purchases said asset and then leases it to a third-party for a recurring fee.
Simply put, this is "mailbox money". Income that you receive regularly while you're out living your life!
No Trust Fund Required.
Due to the typical financial constraints of everyday people, passive income investments have historically only been sought out by or offered to individuals with a very high net worth. That's because these prizes often come with a hefty price tag of hundreds of thousands or even millions of dollars! But what if that wasn't the case? What if you could reap the benefits of a passive income opportunity for a fraction of the typical costs? It's time to make your money work smarter not harder!
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