What Is Passive Income?
I’ve been asked to do something, and the person said there will be passive income and I have no idea what it is! Please help!
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Comments
Passive income is an income received on a regular basis, with little effort required to maintain it.
Friend dont worry you need to do which your hart is says .
‘Active income’ is income you earn for work or effort you put into a task. Working in a factory or babysitting or housecleaning is ‘active income’. You get paid for your work.
‘Passive income’ is income you earn for not really doing anything. Interest from bank accounts or dividends from stock ownership is ‘passive income’. Unfortunately, so is income from ‘pyramid schemes’ is also passive income. In a pyramid scheme, you ‘hire’ or ‘recruit’ people to do the same thing you do, except when the people you recruit actually do it, you get paid for it as well.
Pyramid schemes are illegal. Be careful you’re not getting into a pyramid.