Q
What is passive income?
A
Expert Answer
Passive income requires little ongoing effort: rental properties, dividends, royalties, online courses, or businesses you own but don't operate. Most 'passive' income requires significant upfront work. True passive income is rare; most requires some maintenance.
Key Insight
Passive income requires little ongoing effort: rental properties, dividends, royalties, online courses, or businesses you own but don't operate.
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