Passive Income

Historically, passive income took the form of gumball machines, laundromats, and storage units. Today, thanks to new financial technology - passive income can come from what a myriad of sources.

In the past, banks and other large brick and mortar institutions were the primary sources for borrowers to go to when they needed a loan for big-ticket purchases such as a home or home renovation. This arrangement made it more costly for the borrower to borrow and more financially beneficial for the institution to lend. Today, it is now possible - because of technology - for borrowers to use peer to peer lending platforms to borrow at a cheaper rate and for individual lenders to lend to their peers all while experiencing a larger return on investment then they would have by keeping that money in a traditional financial institution such as a bank.