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Abstract

g, photography, and administrative office work.I enjoy the active income approach to work though sometimes because of its structure, not everyone can make a decent living or survive on it. This is why people look for side hustles, gigs & freelance work, or develop passive income ideas.For reference, $150,000+ in Silicon Valley would easily be considered poverty. People can earn$ 150,000+ in Silicon Valley and still barely survive, much less thrive, considering that only 1 or 2 days of the week are available for running around doing errands, chores, and grocery shopping.The average cost of a single-bedroom rental in a moderately spacious studio costs around $4,000 in the safer, more developed communities.Medium.com is a sample of an active work. I can schedule my writing or do business administrative management for my publications such as Wellspring & mStreams. I typically do work as if I were a 9-5 employee though the compensation structure for writing on Medium.com differs.Active income is what most of the world is used to and how we thrive, trading our labor and hours of productivity in exchange for money to purchase a Bmac meal & such. They cost so much now, that I even wrote a rant about the prices and how$ 6.25 Starbucks was killing my budget.<h1 id="4f30">Passive Income</h1>Passive income is the idea of sitting around and not having to do much or very little to nothing and achieving money that comes in by itself.While there is rarely such a thing as zero w

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ork income, I have come to find that the two main and most reliable, longstanding forms of passive income were dividend-paying stocks and real estate.Dividend-paying stocks are business investments that pay shareholders a small percentage of revenue for being a monetary participant.Real estate investing involves having housing units that rental tenants will contribute and payout from without much work after setting up housing for the customers to live within units.ROTH IRAs and 401k plans may be additional ways to generate passive income that are essential considerably “free money” that is matched and grown.In recent times, the rise of cryptocurrency and its variants such as Bitcoin (BTC) and more are a major viral headline of passive income known for their ability to grow and change in valuation, generating extra money.<h1 id="400f">The Path to More Wealth</h1>I have spent time studying the wealthy and their ideas such as from Robert Kiyosaki, Mark Cuban, and other gurus and even book writers.I have often noticed that the most successful and wealthy people can pivot, sell multiple skills, or manage and have a portfolio combination of both types of income.They are also often very habitual, intentional, and not time-wasters when it comes to making their fortune, hard work, time, and decisions show growth for them.I believe the success mindset, working hard, and diligently understanding the topic of active and passive incomes really help.</article></body>

January 27, 2023

Active Income vs. Passive Income

You Need to Read This If You Want a More Fulfilling Wealthy Lifestyle

“A Woman in Professional Red WIth Money” by John Hua

Active & Passive

Money is a sensitive but necessary topic for everyone who wants to thrive and live a fulfilling life. We all need it to get essentials and the things in life that will help us thrive. People who get comfortable and talk about money tend to earn more. Scientific research shows this in trends of top earners.

Technologies, products, services, and even a hungry stomach depend on it.

Wealthy people have learned that there are ways to earn a stable and steady livelihood and other ways that may eat your health and work you to the bones! Wise people who follow people who have achieved financial freedom, success, and the mindset to be successful at it do better.

Active and Passive income streams and ideas matter for that reason.

The only people who do not want more people's education on passive and active incomes are the people making passive income off active workers, competitors, and non-believers who have never seen their potential.

Active Income

Active income is what most of the world runs on. It’s what I did as well doing technology troubleshooting, content development, writing, photography, and administrative office work.

I enjoy the active income approach to work though sometimes because of its structure, not everyone can make a decent living or survive on it. This is why people look for side hustles, gigs & freelance work, or develop passive income ideas.

For reference, $150,000+ in Silicon Valley would easily be considered poverty. People can earn $150,000+ in Silicon Valley and still barely survive, much less thrive, considering that only 1 or 2 days of the week are available for running around doing errands, chores, and grocery shopping.

The average cost of a single-bedroom rental in a moderately spacious studio costs around $4,000 in the safer, more developed communities.

Medium.com is a sample of an active work. I can schedule my writing or do business administrative management for my publications such as Wellspring & mStreams. I typically do work as if I were a 9–5 employee though the compensation structure for writing on Medium.com differs.

Active income is what most of the world is used to and how we thrive, trading our labor and hours of productivity in exchange for money to purchase a Bmac meal & such. They cost so much now, that I even wrote a rant about the prices and how $6.25 Starbucks was killing my budget.

Passive Income

Passive income is the idea of sitting around and not having to do much or very little to nothing and achieving money that comes in by itself.

While there is rarely such a thing as zero work income, I have come to find that the two main and most reliable, longstanding forms of passive income were dividend-paying stocks and real estate.

Dividend-paying stocks are business investments that pay shareholders a small percentage of revenue for being a monetary participant.

Real estate investing involves having housing units that rental tenants will contribute and payout from without much work after setting up housing for the customers to live within units.

ROTH IRAs and 401k plans may be additional ways to generate passive income that are essential considerably “free money” that is matched and grown.

In recent times, the rise of cryptocurrency and its variants such as Bitcoin (BTC) and more are a major viral headline of passive income known for their ability to grow and change in valuation, generating extra money.

The Path to More Wealth

I have spent time studying the wealthy and their ideas such as from Robert Kiyosaki, Mark Cuban, and other gurus and even book writers.

I have often noticed that the most successful and wealthy people can pivot, sell multiple skills, or manage and have a portfolio combination of both types of income.

They are also often very habitual, intentional, and not time-wasters when it comes to making their fortune, hard work, time, and decisions show growth for them.

I believe the success mindset, working hard, and diligently understanding the topic of active and passive incomes really help.