Creating Financial Independence: Why Is Passive Income Important?

    ‘In order to achieve financial independence, your passive income must exceed your expenses’ Robert Kiyosaki, author of best-selling book ‘Rich Dad Poor Dad’. With rising expenses and escalating living costs, it is no longer enough to have only one source of income to rely on. Passive income is particularly important because it generates […]

What is the Difference between Passive and Residual Income?

    Although the two terms are often used somewhat synonymously, there are significant differences between the two. While there are similarities between the two, there are also several points of difference. We investigate what they each mean:   What is the difference between Passive Income and Residual income? Passive income is defined as inactive […]