Passive income is the type of income which is received through rent.
Some of the activities which generate passive income include multi-level marketing, business income, selling and creating an intellectual property like patents or books.
Passive income benefits, for example, it is an investment which allows most favourable tax treatment where cooperation can use the profit of an investment on other on other passive investment like real estate and deduction for the tax are taken later.
Passive income acts as a recurring income. If an investment is made and it is a good one then income will come a month after the other.
