Passive income is an individual's earnings through businesses which he is not actively involved in. In other words, an individual engages himself in businesses that can generate a stable cash flow and does not necessarily have to work for him to earn money. There are different examples and sources of passive or residual income. If you would want to earn and sustain a stable cash flow, here are examples of passive income that you need to consider:
· Owning a business
This is one of the most basic examples of passive income. When you start a business, you get decide how you run it. By owning one, you also get to hire people so they can run it for you regularly. This way, you can sustain your passive income's flow.
· Investing
Stocks, bonds, and mutual funds are financial investments that can be ways of gaining passive income. These investments can take you a long way in sustaining the flow of your passive income by utilizing them wisely and efficiently.
· Owning a business
This is one of the most basic examples of passive income. When you start a business, you get decide how you run it. By owning one, you also get to hire people so they can run it for you regularly. This way, you can sustain your passive income's flow.
· Investing
Stocks, bonds, and mutual funds are financial investments that can be ways of gaining passive income. These investments can take you a long way in sustaining the flow of your passive income by utilizing them wisely and efficiently.