Passive Income Versus Active Income

So without getting much further into this post i want to answer the obvious question.

Passive income versus active income. As you age and get tired of working you can shift your focus into more hands off sources of income and work a little less. The simple fact is that a high paying job is the fastest way to start building your first passive income streams. Passive income may take an important time or financial investment to setup however it can provide non active income for years. Passive income is what makes you rich.

Both active income and passive income are great to have. Because both types of income helps to grow your finance. Only one income will truly make you rich and successful. For example hourly wages salaries commissions and tips are all examples of active income.

Active income on the other hand is money earned in exchange for performing a service. What is passive income vs active income. What s the difference between passive income and active income. Do you want to know.

However i also think the whole passive income vs active income debate is a bit of a weird one. Passive income is a steady stream of revenue that does not require active maintenance.