Active Vs Passive Income Streams

Passive income differs from earned income and portfolio income in a variety of ways. Passive income is generally defined as a stream of income earned with little effort, and it is referred to as progressive passive income when there is little effort needed from the individual receiving the passive income in order to grow the stream of income. Examples of passive income include rental income and any business activities in which the earner does not materially participate during the year.

The major source of income is through Active income. Which includes job, or major work you do for living. We can also define it as an hourly pay you get for your service or skill.

To start earning early and finish wealthy which is our major goal. We need different streams of  income. But before sourcing for other streams one need a proper source in the first place.post

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