Passive Income
Income that keeps coming without ongoing hour-for-hour work.
Passive income is money that arrives without trading your time for it directly — dividends from investments are a classic example. Building sources of passive income is a core idea behind financial independence, and dividends reinvested during childhood are an early, gentle introduction to it.
Explain it to your kid
"Money that comes in without working every hour for it."
Related words
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MemoryBank is a display and education tool, not a financial advisor. Nothing here is investment, tax, or legal advice.