Imagine going to bed at night and waking up the next morning with money in the bank. Often referred to passive income, the term is a bit of misnomer. It takes planning and systems to generate money while doing. Essentially, passive income involves making money on something after the initial investment of time or money. For example, make money while sleeping online you buy stocks, they can earn or lose money once you’ve made the purchase money investment. Or, if you write a hit song, you can continue to make money each time that song is played. You invested time to write it once, and it continues to make money.