Defining Income

The key to making more money starts with a higher level understanding of wealth, and the two different ways we define income.

Active Income: This is your full-time salaried or part-time hourly job. It also umbrellas side hustles like freelance work, Uber driving, Fiverr gigs, etc. It is the process of trading your time for money.

Passive Income: These are earnings that may not require as much hands-on work, including investing, real estate, e-commerce, royalties, etc. This allows you to have some financial flexibility outside of your 9–5.