WHAT IS PASSIVE INCOME?

Passive income, the kind of income known by many as, the money earned without no or minimum effort. This means that passive income is made without actively involving in the activities that produce the income. Some clear examples are; earnings from rental property, interest from money lent to a peer, dividends from stocks, and shareholder returns. Based on these examples alone, you can cognize that, passive income means, “making your money to work for you”.

Let’s open our awareness to the passive income strategies in our country, Ghana. All of them have been mentioned in the examples given above. If you do have some money set aside for investments, then the above examples are worth taking a shot at.

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