You can also generate passive income streams thanks to affiliate marketing — in other words, partnering with companies and promoting their products or services through affiliate links on your ...

Generating passive income can help increase your financial flexibility. The more income you can collect from passive sources, ...

While Cuban isn’t known as a passive investor per se, he does pick investments that can grow in the background while he focuses on his businesses, some of which provide extra income in the process.

In other words, without enough passive income (or enough savings to “pay” yourself), you’ll never be able to build up a big enough nest egg to comfortably live out your golden years.