Passive income is a form of income earned with minimal active participation or effort on the part of the recipient. Unlike active income, which requires constant involvement and time, passive income allows you to earn money even when you are not actively engaged in work. Here are a few ways to earn passive income:

1. Investing in Dividend Stocks: Purchasing shares in companies that pay dividends allows you to receive regular payments in the form of a portion of the company's profits.

2. Rental Properties: Investing in property and renting it out can generate a steady income in the form of rental payments.

3. Passive Business Income: Owning a business or investing in business projects can generate passive income, especially if you have a management team involved in day-to-day operations.

4. Intellectual Property Income: Earnings from copyrights, patents or licences to use your intellectual property is another source of passive income.

5. Exchange Traded Funds (ETFs) and Mutual Funds: Investing in ETFs and mutual funds provides portfolio diversification and can generate passive income in the form of dividends and capital gains.

6. Passive Income from a Blog or YouTube Channel: Creating content online such as blogs, videos or podcasts can lead to passive income through advertising, affiliate programmes or sponsorship contracts.

7. Royalties from Books and Music: If you have literary or musical talents, royalties from book or music sales can generate passive income.

8. Franchise Income: Purchasing a franchise and making it available to other entrepreneurs can be a source of passive income.

Passive income provides an opportunity to diversify and improve your financial situation, allowing you to enjoy freedom and flexibility in your life. However, it's important to remember that creating a stable passive income requires time, patience, and thoughtful investment decisions.