But what is passive income? Passive income is highly sought after and often misunderstood.Passive income streams require an upfront investment and a lot of nurturing in the beginning. After some time and hard work these income streams start to build and are able to maintain themselves, bringing you consistent revenue without much effort on your part.Passive income is taking the modern financial industry like a storm. For a number of years now, entrepreneurs worldwide have been pushing passive income as the best way to unlock financial freedom and start earning big bucks for little long-term work.Passive income, essentially, is money that is earned without working. Don't get me wrong here - this isn't a get-rich-quick scheme. Building up streams of passive revenue doesn't come easy and will require a lot of time and determination to begin with, however in the long run sources of passive income will bring in money without you having to put in any more hours. And believe me, this is possible! I did myself, and if I did so can you. Active income x Passive income Many of us rely on active income to meet our expenses. Active income is money earned by putting in actual hours and being paid for each one. For example, a day job such as bank clerk requires workers to actually work daily to be paid. A bank clerk won't, of course, be paid their monthly salary if they don't attend work. Passive income, however, requires significant effort and super dedication to start but once established will generate money for years to come without you having to show up anywhere or clock-in to be paid by the hour. My first passive income was from an ugly not say disgusting property I bought in my late 20s. I renovated the place, and eventually rent it out. I was able to start with a small deposit (don't tell anyone or don't try this, but my small deposit came from a credit card! Really! I know it's crazy! Just to remind you, this was long time ago). Don't be so crazy as I did, learn how to earn your own passive income, nowadays there are many ways and in this book you will learn many ways. Keep reading....Generating passive income takes time, dedication, determination, hard work and passion to make money - but all these are important factors in achieving financial freedom.