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Leveraging Your Creative Entrepreneurship Ideas as a Way to Make Passive Income

Leveraging Your Creative Entrepreneurship Ideas as a Way to Make Passive Income

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Passive income as defined is money earned with minimal effort (emphasis on minimal). Often times from investments or pre-existing assets that generate income over time. There is a difference from active income, which requires ongoing work to earn money. Honestly, most income is active income even when most dress it up as passive income. Passive income streams require initial effort to get them set up. Once they are up and going, they can provide a steady income source with little ongoing involvement. In this episode we will discuss a few ways or areas where you can help generate passive incomes.

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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.