The phrase "income generating" means something that helps you earn money or create income. It refers to activities, investments, or assets that have the potential to bring in revenue or generate money for individuals or businesses. Full definition
I plan to keep adding these dividend growth stocks to grow my passive dividend income to a point where all my expenses are covered by passive income generated by them. (race2retirement.com)
If half of your expenses can be covered from income generated from doing nothing, you should have more income from your core job to save and invest. (dividendmantra.com)
You may want to consult with your tax advisor to find out how the specifics of your individual tax situation may affect the tax treatment of income generated by your investments. (fidelity.com)