Click here to check out the show notes, resources, and links mentioned in this episode: http://www.chrisdunn.com/013
Most of us know what it’s like to be stuck in a 40+ hour job. You do it because you need the money. But is it possible to have both the money AND the lifestyle?
Absolutely! The answer is passive income.
What is passive income and how is it different from active income?
Active income, or hustle income, is normally directly tied to time and results produced. This means exchanging time for money, or hustling to sell, create, or distribute something.
Passive income, on the other hand, is regular income that you receive with little or no ongoing work because you have already done the work up front. This income comes to you on a daily, weekly, or monthly basis from the automatic sale or billing from a previously sold product or service.
People often mistake passive income to mean income that magically appears without hard work.
Subscribe to the Pathways To Wealth Show: