For alumni: When you were a student, what have you done to create passive income? Or, what are you currently doing to create one in your life?
For students: What are you currently doing to create passive income?
Generally speaking, passive income is the money that you’ve earned with a little effort or in irregular, or small amount. When you win a certain competition that rewards you for money, that money become your passive income, since it doesn’t come regularly even though you get a big sum of it. By depositing certain amount of money, interest earned is a passive income, since it comes with a (very) little effort, and it is always in a small amount. Money earned while taking online surveys or by cashbacks on mystery shopping can also be categorized as passive income. In summary, there are many ways to earn passive income, and generally, it’s easier to generate passive income rather than active, regular income.