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Originally Posted by Epyon MX What do you mean by passive income, Zoom? Like earning from interest or from renting a place out? |
Passive income is what you can earn and NOT have to be present for it. Rental income is one way. Becoming a business owner is another (such as buying a restaurant franchise, but having others run the business for you). I suggest reading two books by Robert Kyosaki:
Rich Dad, Poor Dad, and
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom. They're concept books that may give you a new way to look at earning/managing your money.