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Passive income is when you continue to get paid after the work is done.
It includes royalties for books, films, music, software or ideas.
Passive income has long been the holy grail for entrepreneurs looking to free up their time,
untethering the cord of daily duties and responsibilities from the potential to generate healthy monthly revenues.
It's also revenue that comes from real estate investments or business investments where you don't have to be present to earn it.
In practice, you may do some or all of the work upfront,
but passive income often involves some additional labor along the way, too.
While the importance of passive income isn't often doubted,
the monumental hurdle often required to achieve a respectable amount of cash
flow from automatically-recurring revenue read more streams is often too great for most to bear.