What is passive income, and how do I generate it through investing?
What sets the uber-rich apart from everyone else? The nation’s top wealth holders — who the Internal Revenue Service (IRS) defines as those with gross assets of $11.4 million or more — have multiple sources of income, including stocks, bonds, real estate, and private equity funds. This diverse group of investments generates consistent passive income, earning money without having to put in any labor.
While you may not have the resources of an Elon Musk or Jeff Bezos, learning how to make passive income can allow you to build long-term wealth and even retire early.
“Earning passive income can be an excellent way of moving yourself from having to ‘work’ 40 plus hours a week, and beginning to replace that income with something…
