What Is Passive Income? Passive income can be referred to as income that is earned with minimum labour and without active participation. It can be termed as an income that is generated through another source apart from your employer. Passive income meaning can be encapsulated in a nutshell as an income that flows in at regular intervals without the incurrence of considerable work. Example Of Passive Income We have put together a few examples of passive income for you: Rental income If a person owns some land and he gives it out in rent to an individual or enterprise, he/she can earn rental income out of it. This is a perfect example of passive income as it doesn’t entail any work from the landowner. Limited partnership A person might be a partner in a business firm but he/she might not take an active part in the operations of the business…