What Are Active & Passive Incomes? | Ewpple

 

Ewpple | Income For Life

Ewpple - What Are Active & Passive Incomes?

"The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income." - Robert Kiyosaki

What Is An Income Stream?

• Employment, investments, and businesses produce periodic income. Streams of income can be active or passive.

Active Income - Work For Money

• Earning money only through work - "Trading time for money". Income from freelance work and employment are two examples.
• Your income stream will also cease if you stop working. If this is all you earn, build passive income now.

Passive Income - Money Works For You

• Capital gains, dividends, interest, and rentals all generate passive income. Income is determined by the quality of assets (risk versus return efficiency).
• You will not have to work directly on the asset to generate income. Owning an asset allows you to control passive income continuity.

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