This description is about investing in assets that generate passive income. Passive income is income that is generated without having to actively work for it. Examples of passive income include rental income from real estate, dividends from stocks, and interest from bonds. Investing in assets that generate passive income can be a
From Wikipedia
Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain. It is often combined with another source of income, such as regular employment or a side job. Passive income, as an acquired or earned income, is typically taxable.