I’m sure you’ve heard the term passive income before and you might have even asked yourself, what is passive income exactly? Well….passive income is simply money that is made passively! And what does that mean?! Basically it means that it’s money earned by doing the least amount of work with the most minimum amount of effort possible.

Unlike a job where we have to work in order to earn an income, whether you’re employed by someone or you’re self employed, passive income comes from goods you own that generate earnings on their own. Although that might be a concept that you find difficult to understand, there are a lot of people that believe passive income is a bunch of B.S.

“You become financially free when your passive income exceeds your expenses.” –  T. Harv Eker

Those are the people that believe that the only way to earn money is to work for it! A days work for a days pay! Even though there is some truth to that, it’s not the whole truth and they’re not getting the big picture. Then, there are those who believe that you have to have a ton of money to create passive income. And of course…they’re not seeing it either!

Now, I’m not suggesting that you don’t have to work hard or that it doesn’t take money to create passive income. But, what I am suggesting is that you need to have a better understanding of what passive income is, where it comes from and how important it is for achieving true financial independence. Once you really understand what and where it comes from, then you can learn how to create it.

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