WHAT ARE PASSIVE INCOMES AND HOW TO GENERATE THEM

WHAT ARE PASSIVE INCOMES AND HOW TO GENERATE THEM

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Passive income

There are currently two ways to make money, Active income and passive income.

Active income are payments that a person receives in Exchange for their time or effort, for example, an engineer who worked eight hours a day, five days a week and receives a salary.

Passive income are those that are generated without having to work on them in an active way . Normally to do initial work to start to passive long-term income-generating, without having to be constantly working to get them.

For example buy a machine dispensing of soda put them in a settlement and then this machine work for you and will make you money.

WAYS TO GENERATE PASSIVE INCOME.

1. Rent a property or a commercial space.

2. Sell insurance.

3. Have your own business.

4. Sell through internet platforms.

5. Invest in bag or cryptocurrencyes.

6. Set up business in social networks.

7. Write a book and sell it.

8. Buy vehicles priced desktops and SELL.
   

   
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In order to generate passive income consists of generating dividends without having to spend much of our time, means that money work for us.

Greetings and God bless.