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Passive Income Vs. Active Income (A Beginner’s Guide) | Global Capital Brim

Passive income is money earned on an investment, or work completed in the past, that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. For example, hourly wages, salaries, commissions and tips, are all examples of active income. For more details please contact us <br>

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Passive Income Vs. Active Income (A Beginner’s Guide) | Global Capital Brim

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  1. Passive Income Vs. Active Income (A Beginner’s Guide)

  2. Passive Income Passive income is money earned on an investment, or work completed in the past, that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. For example, hourly wages, salaries, commissions and tips, are all examples of active income.

  3. Examples Of Passive Income • Interest Earned From Investments • Affiliate Income • Display Advertising • Rental Income • Online Course Sales And Info Products

  4. Passive income is important because your physical presence and effort isn’t continually required in order to make money. In essence, if you have a passive income stream, you can make money at all hours of the day, and every day of the year. So, whether you are sleeping, on vacation, or watching tv, you can still be making passive income. Why Is Passive Income Important?

  5. Examples Of Active Income 1. Salary 2. Hourly Wage 3. Commissions 4. Tips 5. Consulting And Freelance Services

  6. Active income is important, because it allows you to earn an income quickly and consistently. Unlike passive income, that can take years to build, active income offers you the opportunity to make money in a short period of time. Additionally, more often than not, active income provides people with the means to build a passive income. Why Is Active Income Important?

  7. Thanks! Any questions? You can find me at: Globalcapitalbrim@gmail.com https://globalcapitalbrim.com/

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