Passive income is an income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it. Passive income is a powerful tool that people should include in their financial plans. It means to provide cash flow that is not dependent on your direct work input. Creating passive income is a great way to obtain solid financial streams, and to achieve financial freedom. Real estate is a good example of passive income investing. You can put a minimum amount of money into a property investment that enables you to leverage your money. If you're looking for some books that will help you to understand the basic and advanced concepts of passive income, you've come to the right place. Here you'll get some best books on passive income.
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The second big takeaway for me, was to pick a niche you know, you find interesting AND where there is demand for your product – ie willingness to buy/pay. A lot of people only remember the first part of this 2-part formula, and end up creating a blog on knitwear for kittens. But it’s the overlap of passion and profit that Ferriss stressed so much.