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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