Genymoney.ca: Make the Most of your Money
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.
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. …
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 …
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 …