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The phrase “passive income” sounds like money someone would be making while sitting around. And, in essence that is what it means. Passive income happens, for example, when a landlord, receive rents from his properties on a regular basis. Little effort is usually needed to maintain the income. In a landlord’s case they may need to provide upkeep on the property, but they can always pay someone else to do it.

Some other examples of passive income include; the repeated regular income of a salesperson who gets paid commission on top of his regular wages. Those who are receiving royalties from publishing a book, or participating in a television program get passive income. And, earnings from internet advertisements on a website and pensions are also forms of passive income.

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