Passive income refers to the earning of money without actively working for it. It typically involves creating a source of revenue that generates income with minimal effort required to maintain it. Common forms of passive income include rental properties, stocks, bonds, mutual funds, and online businesses. To achieve financial freedom through passive income, it is important to diversify your sources of income, plan for the long term, and be mindful of the risks involved. It is also important to continue learning and staying informed about investment options and market conditions to make informed decisions.
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