If Elisha is a photographer and charges a set fee to photograph weddings, this is an example of passive income
Passive income
A passive income is an income that is unstable. Most passive incomes are generated from a business or side hustle.
For Elisha, he is into photography and the money he will generate from such will be a passive income.
Hence if Elisha is a photographer and charges a set fee to photograph weddings, this is an example of passive income
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