The importance of having multiple streams of passive income and how to achieve it
I. Introduction
A. Explanation of passive income
Passive income is defined as income generated from investments or other sources that require little to no effort to maintain. This type of income is typically achieved through investments in real estate, stocks, bonds, or other assets that provide a regular return without requiring active management. Unlike active income, which is earned through employment or other forms of active work, passive income provides a continuous flow of income without the need for ongoing effort.
