Semi Passive Income Definition

At infinite prosperity we define semi passive income as.

Semi passive income definition. It s a type of income. 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. Real estate investing more specifically cashflowing rentals. I call these semi passive income because they are more like a business less like the ideas above.

This is the best form of semi passive income. You create and set up a website that sells a product and does not need to be updated. Now we have to repeat that phrase. Income that requires less than 7 hours of input per week and is scalable independently of that time input it s not passive which requires no time.

They may include limited partnerships where you re a limited partner rental real estate that you own but don t manage and other operations in which you re an investor but have a hands off relationship. Become a social media influencer. Deliver for postmates. Generate passive income with time investment effort level.

It means you have a website that does not need to be updated. Build an online course or guide. Dividend paying stocks and other investments. Semi passive small business ideas.

Though many who write about it don t differentiate. If you re into graphic design this could be an amazing passive income idea for you. Passive income when used as a technical term is defined as either net rental income or income from a business in which the taxpayer does not materially participate and in some cases. Here is a perfect definition from webster.

Build an app or product you can sell. A landing page with no updates. Passive income cashflow financial freedom passive income real estate financing real estate investing semi passive income semi retired semi retirement summary. You may think we re wordsmithing or splitting hairs but there is a difference between passive income and residual income.

They all also require a small combination of time and money investment. It s a middle ground between the two. Passive income semi passive income side hustles and now residual income.