When you think of long-term wealth creation, it’s hard to overlook passive income. Thinking of personal finance, passive income promises a steady financial inflow even when you aren’t working anymore. Some sources of passive income even promise the dream of earning money while you sleep, taking you close to your financial freedom.
However, have you ever wondered whether passive income is really passive? This has been a highly debated topic in personal finance. It’s enticing to explore the concept of generative wealth passively. However, establishing reliable channels to earn passive income requires strategic planning and active involvement.