Skip to content
Genymoney.ca

Genymoney.ca: Make the Most of your Money

Genymoney.ca
  • Personal Finance
    • Best Savings Accounts
    • Cash Back
    • Net worth Updates
    • Credit Cards
  • Saving Money
  • Investing
    • TFSA
    • RRSP
    • RESP
    • RDSP
    • Dividend Investing and Income Updates
    • DIY Investing
    • Robo Advisors
    • Tax Minimization
  • FIRE & Passive Income
    • Passive Income
    • Financial Independence
    • Retirement
  • All Posts
  • Personal Finance
    • Best Savings Accounts
    • Cash Back
    • Net worth Updates
    • Credit Cards
  • Saving Money
  • Investing
    • TFSA
    • RRSP
    • RESP
    • RDSP
    • Dividend Investing and Income Updates
    • DIY Investing
    • Robo Advisors
    • Tax Minimization
  • FIRE & Passive Income
    • Passive Income
    • Financial Independence
    • Retirement
  • All Posts

Passive Income

This category of blog posts include posts about how to earn passive income in Canada.  Passive income is an important piece (if not the main backbone) of the financial independence retire early movement.  It allows people to feel safe to spend time however they wish, in a work optional lifestyle, instead of in a corporate cubicle.

Passive income Canada is defined as income that is not ‘active’ and you do not have to work for it to earn it.  Typically  you have to have capital invested to earn passive income.  It’s where you make your money work for money (instead of you working fo money).

Passive income is my favourite type of income because you can earn it while you are sleeping or doing nothing.  It allows you to have some cushion in case there are rough and lean times that lack active earned income.

Some people consider income from Caddle as income and some consider it passive.

 

10 Easy Passive Income Ideas in Canada

July 20, 2023July 5, 2023
9 Ways to Earn Passive Income in Canada

Here’s how to earn passive income in Canada. Passive income generation in Canada is the ultimate goal towards financial freedom and financial independence…and here are 10 easy enough passive income ideas in Canada for you to work on so you can get rich in Canada. …

Read more10 Easy Passive Income Ideas in Canada

10 Income Generating Assets to Make you Rich

June 13, 2023May 15, 2023
Income Producing Assets for Financial Freedom

What does financial freedom or financial independence entail when you have income generating assets working for you?  To me, financial freedom means that the income that you have generated per month (without having to work your regular job) covers your monthly expenses.  This will give …

Read more10 Income Generating Assets to Make you Rich

How to Get Rich in Canada: Be Glorious and Free

March 21, 2023January 25, 2023
Do you want to learn the 4 Ways to get rich- How to get rich? How about how to get rich quick? Here are some tips on how to get rich in Canada. Earn money and let compounding take care of the rest. Learn how to make money work for you with investable assets and passive income and real estate. #rich #richmindet #Canada #money #invest

How to get rich in Canada? What does being rich even mean?  Well, to me, it means at least a million dollars in income producing assets, not just net worth.  A million dollars with a 3.5% average dividend yield will give you $35,000 passive income …

Read moreHow to Get Rich in Canada: Be Glorious and Free

Special Offers

EQ bank Review

1 Year GIC: 5.75%* Interest

Get Offer

Get your Free Dividend Yield Spreadsheet Tracker & Young Money Bootcamp PDF

Get free blog updates

Popular Posts

  • 9 Easy Ways to Earn Passive Income in Canada
  • Borrowell Review:  A Free Credit Score in Canada
  • Wealthica Review: A Canadian Version of Personal Capital?
  • Step-By-Step Guide on How to Invest your TFSA with Questrade
  • Best Way to Invest Money in Canada
  • Investing for Millennials: A How to Guide
  • The 5 Best Canadian Dividend Stocks to Invest In
  • Rakuten Canada Review: Get Cash Back on Amazon.ca
  • EQ Bank Review:  Is It Safe?

 

genymoney.ca

  • About
  • Contact
  • DISCLAIMER
  • PRIVACY POLICY

Categories

  • Personal Finance
  • Saving Money
  • Investing
  • Passive Income
  • Credit Cards
  • Real Estate
© 2023 Genymoney.ca