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Passive income is continuous income earned without requiring direct intervention or active participation. In the financial context, passive income can be generated from various sources such as investments, assets, or businesses that generate income automatically or with minimal effort from the income recipient. Unlike active income earned through work or business that requires active time and effort, passive income provides the potential to earn income without being directly involved at all times. Common examples of passive income include:<ol><li>Income from Investments: For instance, dividends from staking crypto, interest from bonds, or rental income from leased properties.</li><li>Income from Assets: Such as royalties from copyrights, royalties from digital products, or income from patents or trademarks.</li><li>Passive Business Income: For example, owning a business managed by others or employees that generates income without needing direct involvement in day-to-day operations.</li><li>Income from Affiliate Programs: Through affiliate programs, individuals can earn commissions from sales of other people&#39;s products or services that occur through their affiliate links.</li></ol>Passive income can provide sustainable financial benefits and allow individuals to have more time and freedom in their lives. However, it&#39;s important to remember that passive income also requires initial efforts, such as capital investment, building a business, or establishing other passive income sources.

Whats Is Passive Income?

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