11 Easy Ways to Make Passive Income of $100 A Day
You've got a steady cash flow from your regular gig, and that's cool.
But deep down inside, you know you want more.
And you know that diversifying your income is essential, and you want those new streams to be passive income streams.
In this episode of the online business clinic, we're breaking down 11 ideas for generating passive income while keeping your full-time gig. You can finally create lifestyle and financial freedom - aka build true wealth.
What is Passive Income?
Passive income is income you receive after doing the work upfront, but now you know your time is no longer directly tied to generating more money.
And let me be clear. Many passive income streams still require regular maintenance.
Ultimately if you want more money, you must provide value.
The more value you provide, the more money you can make.
"Money is just a yardstick that measures the quality and quantity of service rendered. " - N.H.
Active Income vs. Passive Income – What's the difference?
When it comes to achieving financial independence, passive income leaves active income in the dust.
Active income comes in when you exchange your time for money. If you don't work, you don't get paid. Your time equals money.