Importance of Passive Income

If you’re earning either a salary or hourly wage, that’s called Earned Income because if you don’t work, you don’t get money. Basically, you’re trading time for money and you’re only limited to a set number of hours per day.

However, passive income is not directly related to the amount of time you work. You invest some time or money at first and then the value that you create will eventually pay you back for the times to come.

Examples of Passive Income :

• Stocks that pay dividends
• Writing a book to receive royalties
• Creating music
• Create patents and products to sell
• Build a website that has generates traffic

Considering that not everyone is an inventor or creative musician. One proven method to creating passive income is through real estate. There are many types of real estate investments out there, so let’s talk about which fits you best!