in

Passive Income Vs Active Income | How to Make Passive Income Online

Passive Income Tip: The truth of the matter is that time is far more valuable than money . While money can be spent and earned, time can only be spent once, then it's gone forever. As we age and grow older, we understand the importance of time and being able to freely choose what we do with those precious moments that we do have in life. (entrepreneur.com)

Continue Reading

START INVESTING FOR FREE:
? M1 Finance – https://m1finance.8bxp97.net/NextLevelLife

Audible Free Trial (Includes 2 FREE Audiobooks) – https://amzn.to/2zEFqhT

There are two primary ways to generate earned income and they are active income and passive income.

Active income is any income that is generated through the use of your own labor and usually requires you to trade a certain amount of time for money at a job.

Passive income is any income that is generated through the use of systems that work for you even if you may not be doing much to maintain them at the time.

Active income is usually the first, and sometimes the only, way that we think of making money. It is certainly the most common way to make money, and many would argue that it is also the easiest way to make money.

But which one is better? There are certainly good points made on each side of this debate so let’s talk about it.

As you can no doubt tell by the title, today, we are going to be going over the passive income vs active income debate. I’m going to be illustrating what both forms of income are, discussing the pros and cons of each, and hopefully, along the way, you will get some interesting ideas on how to make money using one or both of these methods for yourself.

If you enjoyed this video and would like to see more I highly encourage you to check out some of the playlists below and subscribe for weekly videos:

Subscribe for weekly finance videos: https://www.youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ?sub_confirmation=1

All of my Personal Finance videos: https://goo.gl/3qMbXW
All of my Financial Independence & (Early) Retirement Videos: https://goo.gl/R5JU8E
All of my Stock Market & Investing Videos: https://goo.gl/swSUQN
All of my Debt-Related Videos: https://goo.gl/9HkrtF
All of my Budgeting Videos: https://goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: https://goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD

SUPPORT THIS CHANNEL:
Audible Free Trial (Includes 2 FREE Audiobooks) – https://amzn.to/2zEFqhT
Bluehost (Web Hosting) – https://www.bluehost.com/track/nextlevellife/
ConvertKit (Email Marketing) – https://mbsy.co/convertkit/42219440
TubeBuddy (Online Tool I Use to Grow My YouTube Channel) – https://www.tubebuddy.com/NextLevelLife

RECOMMENDED BOOKS:
The Total Money Makeover – https://amzn.to/2DaB3Ox
Rich Dad, Poor Dad – https://amzn.to/2SoMI0t
The Millionaire Next Door – https://amzn.to/2CJpWuS
The Index Card (Why Personal Finance Doesn't Have to Be Complicated) – https://amzn.to/2Q5Jz4h
Retire Inspired – https://amzn.to/2D7L12Z
Early Retirement Extreme – https://amzn.to/2yGKf9g
Your Money or Your Life – https://amzn.to/2Q1Ryzd
The Automatic Millionaire – https://amzn.to/2D9WfEk
The Behavior Gap – https://amzn.to/2CLdWJm
The Intelligent Investor – https://amzn.to/2PZtz3u

#SideHustle #MakeMoneyOnline #PassiveIncome

Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.

SÉMINAIRE GRATUIT : Les 3 grands piliers du copywriting

How To Come Up With Email Newsletter Content | My Best Email Copywriting Tips Revealed!