As Warren Buffet once said, “If you don’t find a way to make money while you sleep, you will work until you die.” If you’re making passive income, this may not be as hard as it sounds.
Passive income allows you to work smarter — not harder — utilizing your skills in a way that will maximize return. This means that how much money you make isn’t tied to how many hours you’re actively working, which is good news for those who are already putting in 40 or more hours a week at a full-time job. Does this sound like something that could benefit you? This infographic from Lexington Law breaks down the concept of passive income further and provides ideas based on how much money and time you’re willing to invest.
Courtesy of Lexington Law