WHAT IS PASSIVE INCOME? Passive income is money you can earn with minimal effort, without holding a traditional job. It can come from sources like renting out property, dividend stocks, or a high-yield savings account. This differs from active or earned income, which comes from working a job or as a contractor. However, passive income isn’t necessarily easy money. In fact, it often requires a significant upfront investment of money, time, or both. The income typically comes later—sometimes much later. But once the initial investment is made, passive income can continue to provide returns for years. Most of these ideas…