Passive income is any money earned in a manner that does not require too much effort. It is a hands-off approach to generating income, though it requires time to build. Passive income is usually a backup plan for active income and comes in handy during an emergency or unforeseen expenses. The best form of passive income is investments in assets like stocks or real estate, or anything that requires little or no supervision to generate income.
Rule of 72
The Rule of 72 is a formula that calculates how long it'll take for an investment to double in value,...
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