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It is becoming increasingly important in these times to allow your money to work for you if want to build wealth. There has never been a better moment to discover how to make passive income. Your income has a significant impact on your lifestyle and degree of comfort. If you've just discovered that your salary is no longer sufficient to support your lifestyle, or if you simply want to generate extra money, you need a passive income strategy. Passive income provides financial security and peace of mind without requiring you to actively work for it. By finding the right passive income strategy for you, you can develop passive income streams that allow you more flexibility and freedom. Some great passive income ideas and streams have emerged over the last decade, making it even easier for novices to generate additional money. Let's define passive income and outline some popular strategies you can use in the sections that follow.