WHAT IS PASSIVE INCOME?👉 Generating passive income refers to active income that requires minimal wo

WHAT IS PASSIVE INCOME?👉 Generating passive income refers to active income that requires minimal work to earn and maintain. Passive income sources include investing in mutual funds, selling products online, teaching online courses on sites like Udemy, or other tactics where the earner doesn't have to participate.BENEFITS:👉 Passive income is important because it provides residual income with minimal time and effort. It can improve your personal finances and give you the freedom of time. Not having to trade your time for money can reduce stress and anxiety, and make you feel more confident about your financial future.