Generating passive income can be a valuable strategy for wealth creation. Passive income is money earned with little to no ongoing effort, and it can come from various sources, such as investments, real estate, online businesses, and more. In this article, we will explore the concept of passive income, different ways to generate it, and its role in building and growing wealth. Table of Contents: 1. Introduction Definition of Passive Income: Passive income is money earned with minimal effort or active involvement. Unlike earned income, which requires continuous work, passive income streams provide a regular flow of cash with little…