Hey, I found this great article that gives an introduction to the types of passive income, the taxes that cover it, and some residual income opportunities.
It’s a great read especially if you’re new to passive income. I hope you find this article beneficial.
Introduction to Passive Income
How to Make Money By Creating Passive Income
The easiest way to gain financial independence is to reconfigure your life so that a substantial portion of your income is not actively earned by your labor. Instead, it must come from what those in finance call passive income. In fact, the idea of passive income is closely related to the Berkshire Hathaway model, which I explain in an earlier feature.
The basic idea of passive income is that it is money received with little or no effort required to maintain the flow of income once the initial work has been done. Some common examples of passive income are:
- Rent from real estate properties
- Patent royalties for an invention
- Trademark licensing fees for characters or brands you’ve created
- Royalties from books, songs, publications, or other original works
- Profits from businesses in which you have little or no day-to-day role or responsibility
- Earnings from Internet advertisements in a blog or on a website you own
- Dividends from stocks, REITs, equity mutual funds, or other equity securities
- Interest from owning bonds, certificates of deposit, other other cash and cash equivalents
- Pensions
- Residual income for a sales person on accounts that are typically renewed automatically such as a sporting goods representative that earns a commission on his accounts, bringing in a few thousand dollars per store per year for simply servicing the customers once they have been opened
Hi everyone, my name is Brian Wong. I am a husband, father, and serial entrepreneur. 
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