What does your mind conjure up when you hear passive income? Is it relaxing on the beach sipping on a freshening beverage while making money? Or, if you’re not a fan of sand, is it making money while jet setting across the world, hiking, playing with your kids, or even when you’re sleeping?
While not exactly wrong, a passive income is simply making money without having to trade your time. But, don’t get fooled into thinking that this is some get-rich-scheme. The only way that you’re going to earn this money is after you’ve put in the time and effort.
