CreditRatings Archives - The Ways To Wealth Personal Finance, Money Management and Investing Mon, 24 Jun 2024 17:38:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://www.thewaystowealth.com/wp-content/uploads/2023/06/cropped-favicon-1-32x32.png CreditRatings Archives - The Ways To Wealth 32 32 12 Passive Income Ideas Anyone Can Start https://www.thewaystowealth.com/make-money/passive-income-ideas/ https://www.thewaystowealth.com/make-money/passive-income-ideas/#comments Wed, 17 Nov 2021 07:44:00 +0000 http://www.thewaystowealth.com/?p=1489 There are multiple definitions of passive income, which is also referred to as residual income. The IRS has its own definition for tax purposes. This article defines passive income as consistent income that requires little to no effort to maintain.  If you’re seeking passive income, your goal should be to get to a point where both the work you do and the money you earn from that work keep generating income over time. Here’s a personal example: some of the articles on this website were written years ago, but they still produce income today. More so, the more I improve […]

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