Passive income refers to money earned without active involvement or effort. Instead of trading time for money, passive income allows you to earn money while you sleep or focus on other activities. The following are some different ways to earn passive income: Rental Properties: Rental properties can be an excellent source of passive income. Once you buy a property, you can rent it out and receive monthly rent payments. With the right property management, this can be a hands-off source of income. Dividend Stocks: Dividend stocks are stocks that pay out dividends on a regular basis. By investing in dividend stocks, you can receive regular payments without having to sell your stocks. Some companies have a long history of paying dividends, and these can be reliable sources of passive income. Peer-to-Peer Lending: Peer-to-peer lending is a type of lending where investors provide loans to individuals or businesses. As an investor, you can earn interest on your loan and receive regular payme...