What is the Difference between Passive Income and Active Income?

businessman hand checking  passive or acctive income as money co

    Both active and passive forms of income are earned money. The only difference between them is that active income involves your ‘active’ participation (and your time) while passive income continues to generate itself even after you stop investing your time. There are advantages and disadvantages associated with each type:   Active Income Although […]

Making Money while you Sleep: Why Passive Income Works

Too early

    Do you feel tired and low after days of relentless, exhausting work? Are you interested in reducing reliance on a single source of income? If the answer to the above questions is in the affirmative, you might want to explore alternative avenues of income generation. When we use the popular euphemism ‘9 to […]

5 Excellent Ideas to Earn Automatic Passive Income with Low Start-Up Costs

Small Savings

    Passive income refers to income that you are able to earn without being actively involved in the process. Passive income streams do not always require high start-up costs. Here are 5 practical, useful ideas to earn a passive income with low start-up costs:   Creating your own Website Creating a website of your […]

Interested in Earning More Money? 5 Proven Ways to Create a Passive Income

piles of coins

    If you are able to sell useful services to other people (with a minimal investment of time and effort) you can make a significant amount of money. Here are a few examples of how to earn passive income:   Create an information blog A blog is essentially a website that gives information about […]

Understanding the Difference between Financial Independence and Financial Freedom

Pure savings

    Although it’s common to hear the two phrases ‘financial freedom’ and financial independence’ used interchangeably, they do not mean the exact same things. The two ideas are interlinked but involve subtle differences in interpretation. If you’re interested in working towards building passive wealth, it’s important to understand the meaning of each concept. What […]