A
comparison between active and passive income streams of making money.
Each
one of us strive hard to make more money either actively with our
active participation in some job or occupation or passively with a
little less effort and participation. These two distinctive streams
of making money are discussed and compared in this article here as
under:
Active
income:
Since
this type of earnings include your active participation in the
performance of some specific assigned tasks within the specific time
schedule, these earnings is termed as active income.
Some
examples of Smart Ideas for Source Streams include working in
a job, professional services, consulting work, entrepreneurship and
any other similar activities that involves a considerable amount of
time and effort for your earnings.
Passive income:
The
passive income is a way of generating your regular earnings without
too much of your active participation and little limited efforts from
your end.
Social
lending, capital investments, real estates, affiliate marketing,
blogging, virtual assistance, developing niche sites, stock
photography are some of the valid examples of passive income streams.
Active income Vs. Passive income
After
a brief description of both, let us make a slight comparison now:
- Active income is a way of earning while you work. Alternatively, the Passive Business Opportunities enables you to have time bound earnings even when you are not at work.
- Once you have built a strong foundation base for a regular passive income stream, you are assured of your guaranteed earnings in the long run, whereas it is not so in case of active income stream.
- You can make out a good deal of money by writing blogs, affiliate marketing and the like without monetary investments and the greater the valuable time spent, the higher your earnings would be which is a nightmare in active income earning.
- However, the former is a secured way of earnings unlike the latter where 100 percent security is highly impossible.
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