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Passive income also known as "Unearned Income" is income that can be earned automatically with minimal labor to earn or maintain. It can be a great way to help one generate extra cash flow, whether he or she is running a side hustle or just trying to get a little extra dough each month.

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What is Passive Income?

Passive income is money you earn that doesn?t require you to do a lot of ?active? work to continue making it. In essence, you can do most of the work upfront and put some additional effort along the way to earn an income.

For example, if you create an online course, you just need to update its content to keep the money flowing.

You?ve probably heard the expression, ?make money while you sleep.? That?s the biggest draw that entices people to earn passive income.

You can create something (a blog, course, ebook, videos, or an online store) that generates money even when you?re not working. Or you can make passive income investments (property or stocks) that allow you to earn passively.