Publisher's Synopsis
It's easy to think of passive income as money earned while sitting on a beach sipping mojitos, but there is considerable work involved. Still, passive income can be a great supplementary source of funds for many people, and it can prove to be an especially valuable lifeline during a recession or during other tough times, such as the government lockdown imposed in response to the coronavirus pandemic. Passive income can keep some money flowing when you lose a job or otherwise experience some financial hardship.If you're worried about being able to save enough of your earnings to meet your retirement goals, building wealth through passive income is a strategy that might appeal to you, too.
