Passive income is a great way to build your wealth over time. With passive income, you earn money without having to actively work for it. This can come in the form of interest from investments, rental income from property, or even royalties from creative works like books or music.
There are many different ways to generate passive income, but it’s important to remember that not all passive income streams are created equal. Some sources of passive income may require more work than others, and some may be more reliable than others.
It’s also important to diversify your sources of passive income. This way, if one stream dries up, you still have others to rely on.