Best Strategies for Passive Income

3 Top Passive Streams of Income

Passive income is the best kind of income to receive. With passive income, you have set up a cash flow that generates income without you having to work for your money. Initially, there is some amount of effort required to set up the "stream" of income. If you don't want to work every day, it's crucial to set up several forms of passive income to build your wealth.

Linear income is the type of income you receive when you go to a job, work and then get paid on payday. The effort you put in is directly related to the pay you earn. Unfortunately, if you cannot work anymore or don't want to work anymore, your income will cease.

Here are three of the best kinds of passive income strategies you can set up now and be paid for many years down the road.