Passive income is a type of income that you make while you sleep. It is the money that you earn by not working on it actively or with minimal activity and the good thing is the hard work you put into generating a passive income will pay you back year after year.
Passive income gives you financial freedom as well as the freedom to enjoy your life whereas with the active income you are not so free. Many businesses give you passive income but in today’s world called the world of the internet, it is quite easy to create multiple passive sources of income just by sitting on the couch.