Why You Need Passive Income and How to Get It

Passive income can generate profit by itself after you set the system up. It's a great income that can benefit your life. eamesBot/ShutterStock

Are you familiar with the cartoonist Carl Barks? He may not be a household name. But, I’m sure you’re familiar with his work since he was the first artist and writer of Donald Duck—he also created Scrooge McDuck.

Known as the “Good Duck Artist,” Barks was one of the few early Disney artists who didn’t remain anonymous. As such, he achieved a high level of fandom. And, he was also decent at creating multiple sources of income—mainly based on his talent.

Why You Need Passive Income and How to Get It

Barks retired in 1996. But, he supplemented his pension and occasional script earnings with commissioned artwork and collections like The Carl Barks Library. Perhaps, this is why he’s credited with saying, “Work smarter, not harder.”