What Is Passive Income?

You have got a steady paycheck from your 9am-to-5pm job, and that is cool. But deep down, you know you have always wanted more. More money. More freedom. More flexibility. And so you decide its finally time to increase your current income.

One of the best ways to earn more with little effort is to build a passive income stream

Passive income is money that you make without doing a lot of active work, such as making money from affiliate program. Unlike active income, you can earn passive income from an action you completed once, like joining Bookzim affiliate program.  

Passive income may be a great complement to a full-time job you already have. With enough passive income streams, you may be able to stop working altogether. 

How to make money from passive income

Making money from passive income often requires setting up several types, or "streams," of passive income. By optimizing your opportunities to earn without actively working, you may be able to supplement or replace traditionally earned income. There are a variety of accessible types of passive income. 

Earning money without actively working 

Earning money without having to go to a typical job is a goal for many passive income pursuers. There are instances when working a full-time job may become difficult and passive income could be an important supplement. For example, passive income can be helpful for early retirement.

Generating income even when you are not present

With passive income, you can generate income while not having to be present at a certain work location. Passive income earners may be trying to free their schedules for passion projects, to spend time with family or make money from home. Passive income requires some upfront work and investment, but after that initial period, earners can continue generating income without doing anything.

Some of the types of passive income that you do not need to be present for include: Bookzim affiliate program