![]() You go to the bank – someone serves you valuable services – you pay them money for it.Ī doctor is performing a service …. So if someone is serving you a beer, you tip them. You can either get paid for your time and effort, or you can create value and charge for it. the objective is to do work that earns income. Income is money we get in exchange for the value we provide to ourselves, the company we work for, or others. ![]() ![]() Passive Incomeįirst, let’s review what income is. This can be in the form of Rent, Dividends or Interest on a Bank Account.Īctive income on the other hand is money you earn for services provided. Passive income is money you earn on a regular basis with little to no effort from your side.
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