
How to Create Passive Income with a Side Hustle
Understanding Passive Income and Side Hustles
Many people dream of making money while they sleep. Sounds appealing, right? This dream becomes a reality through passive income. Passive income represents earnings that you generate with minimal ongoing effort. It’s the financial freedom many strive for but often overlook in their daily routines.
Let's not confuse passive income with active income. Active income requires your participation, like a traditional job, trading hours for dollars. Conversely, passive income requires upfront effort and smart strategies. However, once established, it pays off without constant input. A side hustle can serve as the perfect launchpad for this kind of income stream.
People often associate side hustles with extra work, but it can be more than that. Side hu...