Passive Income Vs. Active Income

I'll quickly explain the differences between passive income and active income.
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Let's start with active income. This is the type of income that most of us work for. You show up for a job, put in your time and get paid. Once you've gotten paid, that's it for the time you put in. Passive income is any income that passively pays you once the work is finished. Renting a property is a prime example of passive income. You've got to put in some work in the beginning, but eventually it'll passively pay you for your efforts.

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[HonestFinance]

Thanks for watching the video. Hope it helps.

[ameena]

This is a cool introduction, but i think this could be a series. I would suggest making a video about how to get started with passive income, because it's okay making something to sell, but it's about getting people to buy/use it.

You could include competition in markets, what merchandise to sell in the first place (as in what is relevant), when to sell it because you don't want to sell any merchandise too quickly if you have just started making an online presence.

These are just a couple of ideas, you can use them if you want.

[staytruewarriors]

I love passive income!! I want to make money when I sleep :))) Great video!!

[stady]

I need to get around to starting that drop shipping store. what camera do u use? looks like a quality cam

[bradpotter]

So what are the tax ramifications of active versus passive. And does a 1031 exchange fund count as passive?