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What is passive income and how could I start making passive income?
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Passive income is a type of income earned by an individual that does not require actively engaging in any sort of work or trade. Examples of passive income include income from rental properties, residuals from royalties, and investments. To start making passive income, you should first determine an area of investment to pursue, such as real estate or services. Depending on your chosen path, you can start looking for appropriate opportunities, such as rental properties, with the help of online tools. Additionally, you should seek advice from an experienced financial advisor or investment professional as part of your research. Finally, before making any investments, you should thoroughly review resources and information related to the opportunity to ensure it is a sound financial decision.