Many of you might have heard the term passive income thrown around by a neighbor, a work associate or family member. The idea may seem remote to those of us stuck in the traditional 9 to 5 world, where income arrives in your bank account each month and the only reliable bonus is in your Grandmother’s end of year Christmas Card.
It doesn’t have to be that way. Passive income represents the opportunity for a consistent source of returns from an initial investment of time or money. The idea is that once you’re set up the
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