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Passive Income
What Does Passive Income Mean? Does It Exist?
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[QUOTE="Kingsley, post: 213643, member: 30278"] Of course there is what we understand to be passive income, passive income are seen as the income that comes from other sources which are not regarded as our major source of income. These sources sometimes are referred to as an additional source of income because we are not putting too much effort into it to make it work. Example of such can just be the amount of money we put in our fixed deposit account in the bank that will generate something no matter how little. The money is been used by the bank to either trade with or they also given out such monies as loans to other customers and they charge interest on it then the interest or profit been made by the banks are then redistributed to those customers that had saved money in their savings or fixed deposit account. This payments on the interest are either done monthly or yearly. Again one can have access to passive income if one can acquire invest in stocks and shares. We will receive our dividend as at the time the organization is sharing upI their profits. One can also liaise with a friend in a business and become a passive partner and make some passive income aswel. [/QUOTE]
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What Does Passive Income Mean? Does It Exist?
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