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Exploring Opportunities for Passive Income

Posted by Valencia on October 5th, 2009

So, what exactly is passive income. Ask five different people and you’ll likely get five different variations of this definition. But in a nutshell, passive income refers to money or income you receive on a regular basis with little to no work. There are many ways to earn passive income. Some people start a real estate business, wherein they buy properties and collect monthly rent payments. Whereas others may start a web business that’s able to function on autopilot.

I can’t begin to talk about the benefits of passive income. This is an ingenious way to earn money and run a business without lifting a finger. So, why doesn’t everyone explore this route? To be perfectly honest, I don’t know. But I’m guessing entrepreneurship is a gene; and either you have it, or you don’t.

Regardless of whether you’re born with a desire to worker smarter, not harder, or you’re digging deep to find your inner entrepreneur, Freelance Switch outlines five creative ways to earn passive income.

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