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Passive Income
Choosing Active Income Over Passive Income
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[QUOTE="Ayuba Ernest, post: 255643, member: 70169"] There has been a recent trend of people choosing active income over passive income. Active income is income that you earn through work, such as a salary from a job. Passive income is income that you earn without having to work, such as dividends from stocks or interest from a savings account. There are a few reasons why people are choosing active income over passive income. First, active income is more reliable. It's easier to predict how much money you'll earn from a job than it is to predict how much money you'll earn from investments. Second, active income is often tax-free. This is because you are only taxed on the money you earn from a job after you have already paid taxes on it. Third, active income gives you more control over your money. With a job, you can choose how much money you want to earn. With investments, you can't always control how much money you'll earn. However, there are also a few reasons why people are choosing passive income over active income. First, passive income can be more flexible. With a job, you usually have to work set hours. With investments, you can choose when and how often you want to work. Second, passive income can be more profitable. This is because you don't have to pay taxes on the money you earn from investments. Third, passive income can give you more freedom. With a job, you might have to answer to a boss. With investments, you can be your own boss. So, which is better? It depends on what you're looking for. If you want more control over your money and more predictability, then active income is probably a better choice. If you're looking for more flexibility and higher earnings potential, then passive income is probably a better choice. [/QUOTE]
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