Passive income is income that requires little effort to maintain. It could be from a rental property, the stock market, or a company in which you are not actively involved.
You are not exchanging your time for money with passive income, as you would at a 9-to-5 job. Instead, you're creating or purchasing an asset that you can sell or generate revenue with, whether you're at your desk or on a Maldives beach.

There are numerous passive income opportunities, such as writing a book, developing a course, investing in real estate, and running an affiliate marketing program.

A passive income generator is a source of earnings that requires minimal ongoing effort to maintain once it is set up. Unlike active income, which involves trading time for money, passive income allows individuals to earn money with little daily involvement. Examples include rental properties, dividend-paying stocks, interest from savings accounts, royalties from creative works, or income from affiliate marketing and online businesses. The goal of a passive income generator is to create financial stability and freedom by diversifying income streams. While initial effort, investment, or setup may be required, the long-term benefits include earning money while focusing on other priorities. Passive income is often seen as a key strategy for achieving financial independence and building wealth over time.