Know the difference between Passive and Active Income - Deepstash

Know the difference between Passive and Active Income

To understand, the difference between passive and active income. Let's understand it by this example- Let's say I'm a teacher of a Government school. I will only get my salary as long as I will keep working. That means, no work, no money. That is active income-  It applies to job/service and so on.But, in case of passive income.We will work once and you won't have to work again. If you go to YouTube, you'll come across a channels where the creator has not uploaded a video in years now.

44

693 reads

CURATED FROM

IDEAS CURATED BY

thebodotribe18

Podcaster of Mind Mastery Podcast 🎙️ ➡️YouTuber. 🈚Motivational Speaker

'Before you read, Please note this article is not a financial advices any advices related to finance has to be taken from financial experts'

The idea is part of this collection:

The Startup Masterclass

Learn more about crypto with this collection

How to start a successful business

How to build a strong team

How to market your business

Related collections

Similar ideas to Know the difference between Passive and Active Income

7 Tips for Saying No Effectively

  1. Say it. Don't delay and don't try making excuses because that puts people in a place to ask more. Provide a brief explanation.
  2. Be assertive and courteous You might say, "I'm sorry I can't right now but will let you know when and if I can." This approach is polite...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates