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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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