Passive income vs Active income

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Posted by on Wednesday August 14, 2013 at 8:38:48:

People who make money in Nigeria can do so in 2 ways which can be described as Passive income or Active income.

Passive income is the kind of income someone receives or money that someone makes without working so hard for the business. It is the kind of money that someone makes by simply letting his money work for him. He no longer plays an active part in that business but since his money is there, he would keep receiving income from it for the long term.

Passive income is what a lot of people dream to have when they have stopped working actively or retired from their jobs. Incomes like Rent, dividends, bonds, pension and other income from investment can all be described as passive income. Most people who plan well for their future are the ones who are more likely to earn passive income.

Active income is the kind of income most people are used to. It is the money someone earns by playing an active part in the business. It is common among people who have a job, earn salary or run or business. You earn active income when you play an active role in generating your income. It is mostly common among young and working people unlike passive income which is more common with older people.

You can make money in Nigeria using any of the 2 means which are passively or actively. The only difference is that one needs to use more of his cash to make money passively unlike in active income where one needs more of his skills to make money.




Comments:
    Re: Passive income vs Active income Reply by alimi babatunde benson on Wednesday November 20, 2013 at 17:9:14:

    which passive income can i invest in



    Re: Passive income vs Active income Reply by Felix Okoli on Wednesday November 20, 2013 at 17:9:14:

    You can try real estate, fixed deposit, stocks and so on





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