Passive Income
How I Started My First Passive Income Stream I’ve been on an entrepreneurship journey since I was 17 years old, starting with nothing and building businesses from scratch with nothing but my laptop, the power of the internet, and my brain. I’ve started 2 successful businesses so far, selling one and keeping the other, which still makes passive income to this day! Here’s how I did it! (And how you can do it too!) What exactly is passive income? Sometimes called residual income, passive income is income that you earn on a recurring basis, with little effort required to maintain it. As long as you are putting in enough effort to earn money during your initial active hours each day (or week), you will continue to earn that money. It doesn't require much upkeep, once it's set up. A good analogy is a vending machine -- after you put in a lot of time and effort to fill it with snacks when it was empty, once filled, it will keep dispensing snacks for as long as it’s fed coins. You are...