When I first started blogging, I was unaware of the term “passive income”. Since then, I have been reading articles about passive income on various blogs. Almost every blog has at least one article on passive income, so I didn’t want to miss the boat.
In the next few sections, you’ll learn about passive income, what can be considered passive income, and what cannot. I’ll also talk about a few passive income ideas at the end.
What is passive income?
According to Investopedia, “Earnings an individual derives from a rental property, limited partnership or another enterprise in which he or she is not actively involved. As with non-passive income, passive income is usually taxable; however it is often treated differently by the Internal Revenue Service (IRS).”