I want to kick off this passive income series by clarifying what I mean by passive income. I prefer to define passive income fairly broadly as revenue you earn even when you aren’t actively working. Another name for passive income is residual income. By contrast active income is money that stops coming to you when [...]

In the weeks ahead, I’ll be blogging an extended series on how to earn passive income. Passive income is money that comes to you even when you’re not actively working, such as royalties, investment income, and revenue from automated business systems. I started earning passive income in the 1990s by creating, selling, and licensing computer [...]