Passive income differs from
earned income & portfolio income in a variety of ways. Passive income is
generally defined as a stream of income earned with little effort, And it is
referred to as progressive passive income meaning there is little effort needed
from the individual receiving the passive income in order to grow the stream of
income. Examples of passive income include rental income and any business
activities in which the earner does not materially participate during the year.
Passive income differs from
active income which is defined as any earned income including all the taxable
income and wages the earner get from working. Linear active income refers to
one constantly needed to stay active to maintain the stream of income, and once
an individual chooses to stop working the income will also stop, examples of
active income include Wages, Self-employment income, martial participation in s
corp, partnership. portfolio income is derived from investments and includes
capital gains, interest, dividends, and royalties. - wiki
Has anyone from the 1% of the
Rich and famous of the Forbes actually shared the no BS way of Getting Rich? i
mean the DNA plan of making $Jessie James$ ?? Yes No ? anyone ? anyone got an answer
? if don't have a damn clue as well.. my
simple mind told me to Googled it and here is what i found that is actually
make sense..
Royalties..
Write books..
Write and compose song..
Invent something and have it Patented..
Create a trademark ..
Create a business Idea and have a franchise ..
Real Esate Investments..
Cypto Startups..
Setup E-commerce
Advertise business and repackage it..
Anything else on your mind? let me know..
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