Building passive income is one of the most effective ways to achieve long-term financial freedom. Unlike active income, which requires continuous work, passive income allows you to earn money with minimal ongoing effort. Whether you're a salaried professional, entrepreneur, or freelancer, creating multiple income streams can improve financial stability and help you achieve your financial goals faster.
What is Passive Income?
Passive income refers to earnings generated from investments, assets, or business activities that require limited day-to-day involvement. While some passive income sources require an initial investment of money, time, or effort, they can provide consistent returns over the long term.
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