Passive vs Active Income
Apart from trading in stocks (passive income: dividends and capital gains), I am now looking at other means, but the initial investment for such ventures as real estate are not low.
Anyhow, I hope to have doubled if not tripled my annual passive income by the end of the year.
5 comments:
Why do u suggest that passive income is what makes one rich?
Passive income doesn't make one rich..
I think it is an AVENUE/PATH.
One of the things one can do to increase their means of living.
Then other things like owning a successful business, a phenomenal patent..
Have you considered minimizing your living expenses. Even if you triple your income and your expenses are high, you wont go far.
Of course living (way?) below your means is an important aspect of wealth creation.
I generally attempt to ensure that i save as well as reduce expenditure by putting
But my current focus in increasing passive income.
my previous comment didn't make sense:
Of course living (way?) below your means is an important aspect of wealth creation.
I generally attempt to ensure that i save as well as reduce expenditure by putting money aside for investment and savings before working on a budget.
But my current focus in increasing passive income.
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