Passive Income Active Income
Passive income is income that is generated with little or no effort on the part of the recipient. Examples of passive income include rental income from property, dividends from stocks or mutual funds, and income from a business in which the recipient is not actively involved. Passive income is generally considered to be a more stable and reliable source of income because it does not depend on the recipient's ability to actively work for it.
Active income, on the other hand, is income that is earned through the recipient's direct participation in a trade or business. Examples of active income include salary, wages, and self-employment income. Active income is generally considered to be less stable and reliable than passive income because it depends on the recipient's ability to actively work for it.
Which type of income you should go for depends on your individual financial goals and circumstances. Some people may prefer the stability and reliability of passive income, while others may prefer the freedom and flexibility that active income provides. Ultimately, the best choice will depend on your own personal financial situation and goals.