What is Passive Income?
Passive (or residual) income is earnings derived from an enterprise in which a person is not actively involved. In other words, it’s money earned with little or no further effort after the initial work is done.
Examples of this are: Rent from a property, Royalties from publishing a book or from licensing a patent or other form of intellectual property and Earnings from internet advertisements on Websites.
Why a Passive Income Chart?
Anyone can earn Passive Income. Part of the objective behind 21 lives is to provide tools to help aspiring (or part-time) entrepreneurs startup. That means anyone.
The Passive Income Chart explores 24 business opportunities with various rankings to help anyone interested in earning additional income take decisions and get started.
The first version of the Passive Income Chart launched a few weeks ago. We’re currently gathering feedback on layout, data, relevance, etc. Feel free to let us know what you think.