Passive income refers to earnings that are generated with minimal effort or direct involvement on the part of the recipient. Unlike active income, which is earned through active work or participation in a job or business, passive income typically comes from investments, rental properties, royalties, or other sources where ongoing effort is not required to generate revenue.
Building multiple streams of passive income can provide financial stability and flexibility, as it allows individuals to diversify their sources of revenue and reduce reliance on traditional employment. However, it often requires upfront investment of time, money, or resources to establish these income streams initially.
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#alive and #iamalivechallenge is something you need to be involve in
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Ah yes @elizabetabiz passive income the gold standard of income sources to act once and be rewarded over and over again.
Good luck in the Larry is Alive contest
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@elizabetabiz! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ aliveandthriving. (9/40)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
very true-ty
There are a lot of tokens in Hive that gives drips/passive income.
It would be great to have multiple streams of passive income. But, not everybody gets the chance. Investment is a good option but not without risk. I invested a big amount a few years back. The business failed. I am still struggling to get the money back.
#aliveandthriving
Yeah i totaly understend....but now i invest in business more that can help me grow...
Well done completing 3 steps in the Larry Delivers contest @elizabetabiz, you have earned 3 tickets for the daily drawing.
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#LarryIsAlive contest - win daily prizes
@elizabetabiz! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ lukeisalive. (5/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
thanks
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