Passive income

 The basic definition of passive income is an income that requires minimal effort to obtain and is the opposite of active income. For example things like rental properties, partnerships or enterprises which one is not really involved in daily, investments are one of the biggest sources of passive income with the least effort. As i have mentioned earlier you need a source of income that makes you money while you sleep, for example i have an investment account at Nedbank which grows every month by a certain percentage or you buy shares in a large company which can pay you dividends every few months. These are only a few examples of passive income there are many more which require minimal effort but can generate you thousands of dollars monthly. In Namibia its much harder to generate money online than it is in the US but it is not impossible, all you need to do is do your homework well and you could be generating a extra source or two every month. Another example i would definitely advise you to do is look for a company you believe is thriving financially do your research about that company and their profit margins then you buy stocks in that company. MTC recently released their own stocks which you could buy for a minimum of N$700 and since i bought then they have been paying me every few months. The most important thing about passive income is that you need to do your homework and be consistent with it then the money will come easily. Go and watch this video of Robert Kiyosaki where he speaks a bit more about types of income and also passive income. https://www.youtube.com/watch?v=rYYB6950mXM