Active Income: You are trading time for money. In order to make money you must perform something. Every day you start from zero.
Passive Income: You do not have to be present to generate income. Things like real estate, stocks, bonds are sources of passive income. You are literally making money while sleeping.
First published around 2000s, Robert Kiyosaki's Rich Dad Poor Dad quickly became an international best-seller. Translated into 51 languages across more than 109 countries, it has been on the New York Times bestseller list for over six years.
A number of people asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn't think he was a real-estate guru, they insisted he was. Several told me I would like him, that he preaches a message like mine.
When you read a lot of finance books & blogs, you come across a ton of different personal finance tips and tricks. This can make personal finance seem like a massive, overwhelming, and complicated topic, but it's really not. It's so simple that I've broken down the personal finance basics into just 12 quick points.
You don't have to sacrifice all of your free time to start a side hustle, use the time you’re comfortable with and make a little bit of progress every day.
Get to working on improving your finances today, not tomorrow. Reading the steps and thinking you’re capable of doing it but postponing it is just an excuse, an unprofitable one.
Talking about your financial goals, and scheduling time once a month to go over your finances together can prevent money from affecting your relationship.