So What is Passive Income?

To understand what passive income is which we need to understand what active income is . Active income is money we earn for our time . For example If I earn 10,000rs per month working 6 hours a day from my job , it will be active income . Why? Because 

• The day I stop working , my income will be gone . 
• Even if instead of 6 hours , I decide to work for 3 hours each day my half salary is gone . 

We say our time is invaluable right . So most of us don't want to trade our invaluable asset i.e. time for money , which is not even sufficient to provide us with a scope of complete financial future even in our old age. 

So that's ever passive income comes in . Passive income is income that is not directly tied to me working or my time . It's income that is guaranteed to come even if I stopped working for it and that to ,for years.

Here are some examples of passive income:-

1. Earning Royalty:- If you write a book , sing a song , create a software , create an online course , or any digital or physical asset you get a royalty  every-time someone uses that asset . One of the biggest tech giant Microsoft is completely based on royalties of the  software they provide like windows.
2. Rental Income:- If you own a house , a car or even a camera you can rent it and get money . 
3. You-tube :-  You-tube is great way to generate passive income . All your old videos , continue to earn money without you doing nothing to maintain them .  
4. There are infinitely many more ways to earn passive income . you can search for them 

Why are people working so hard to get jobs then if passive money is a thing ?

The answer to that question is simple . Everybody wants passive income but it's not that easy to generate . And is clearly not easy to make living just off passive income . 

To make a source of passive income either you need money , or a monetizable skill and a great job is absolutely needed for it if you don't have any of those already . That's why some people even leave high paying active jobs like making jewelries as they don't teach them a skill which can make a future source of passive income and join photography or video production that is almost saturated but can be a great source of passive income.

Passive Income is Tree of Money. It just needs time and care to grow