
What is passive income and what is active income..???
active income is an income which requires you to work on a daily basis for it, income stops once you stop working, Examples of active income..
- regular work with fixed working hours
- any work where the working hours is not determined by you
active income is generally the incomes earned by regular works, where you are an employee. The moment you stop working, your income stops too. You live by the earning paid to you.. expect raise and extra incomes at the mercy of your employer.
passive income is an income recieved on a regular basis with little effort required to maintain it. Examples of passive income..
- rental from property
- interest from bank
- earning from business with little effort needed from owner or merchan
- royalties from publishing a book or from licensing a patent or other form of intellectual property, such as computer software product.
- earnings from internet advertisements on websites, internet marketing
Passive income generally refers to any earnings which works on an auto generated system for income. That means you don’t have to go to office everyday yet receive your paycheck. This enables you to have more free time to spend. most likely being your own boss, you determine your income. This is a dream for everyone.. can we achieve it..?
Definitely we can.. passive income is not rocket science. Anyone with right mindset can do it.
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