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Passive income

Passive income Definition

There are three types of income - earned, portfolio and passive income. Most types of passive income are derived from real estate/property, while other types of passive income are derived from royalties from patents or license agreements.

An income stream falling into this category, is one where money is received usually on a regular basis, where no additional effort has taken place. This does not mean no effort at all. Most passive income streams require great effort to start with.

Some examples: Interest Income paid from bank deposits. Rental income from real estate/property. Royalties from writing a book.





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