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Passive Income
Active and Passive Income, What's the best?
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[QUOTE="Leah Kelvin, post: 347192, member: 106815"] Passive income can easily be scaled unlike active income, which does not depend on how much time or effort you put in. Financial security: Passive income can provide a more steady source of revenue because it is not based on your ability to work. Initial setup: Passive income streams might need significant upfront investments or work to establish like buying rental properties or creating a dividend portfolio. Monitoring and management: While less involvement may be required for passive incomes, they still have to be watched over and managed so that the revenue stream stays stable and profitable. Ultimately the decision between active and passive income should be driven by individual goals, situation and preference. It would thus be prudent to evaluate both alternatives vis-à-vis long term financial objectives. [/QUOTE]
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Active and Passive Income, What's the best?
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