Passive income streams are sources of revenue that require minimal ongoing effort to maintain once they are established. These can include investments like dividends, rental properties, royalties from creative works, or online businesses such as affiliate marketing, digital product sales, or automated e-commerce stores. The goal of passive income is to generate consistent cash flow without the need for continuous active work, allowing you to earn money while focusing on other activities or enjoying more free time. Building passive income streams often involves initial time, effort, or financial investment but can lead to financial independence and long-term wealth.
