Passive income is a source of extra cash you can earn with minimal ongoing effort. While earning money this way requires some upfront setup (and sometimes, a monetary investment as well), once you have a side business or source established, you can bring in consistent money month after month.
There are many ways to earn passive income. You can earn it by investing, renting various assets out to others, leveraging advertising opportunities, or just monetizing the knowledge and skills you already have. Even sharing your photos of your favorite trips can be a way to earn extra cash if you do it right.
