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It s a work smarter not harder situation.
Develop a passive income. If you take 10 000 and invest it in stocks that return a 2 annual dividend you can sit around and enjoy those 200 in annual dividend checks and barely have to lift a finger. Dividend paying stocks and other investments the first passive income idea on this list does take some start up cash but it absolutely helps me earn more than 1 000 per month. We can compare it against active income where your effort is 100 correlated to your income. The ongoing effort is low and that ongoing effort is rewarded with a wonderful steady passive income.
Financial investments are definitely a form of passive income. Passive income typically enables your money to work for you.
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