Active Income vs Passive Income | Best Income | Money Minded

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  ACTIVE INCOME VS PASSIVE INCOME | BEST INCOME 

Introduction:

              Welcome friends!. In this post you are going to gain a great knowledge about the active vs passive income - Definition, Difference, Investment, story. Read and choose the best income source. 

Active Income vs Passive Income - Definition and Differences:

Active Income:

           * Active income is the income, which you get for your work.

           * Active income means exchanging your time and getting income.

           * Active income is a non- risky income type, when compared to passive income.

           * Active income gives low income, when compared to passive income type. 

           * To generate a active income you no need to work hard. 

            * Active income gives high income in short term, but low in long term.

Passive Income:

 

            * Passive income is the income, which we get from our passive income source.

            * Passive income means investing your time to build a income source and getting income.

           * Passive income is a risky income type, when compared to active income.

           * Passive income gives high income, when compared to active income type. 

           * To generate a passive income you need to work hard. 

           * Passive income gives low income in short term, but high income in long term.

Active Income vs Passive Income - Investment:

            * Active income method does not require any investment, as you are working and earning accordingly to your work.

            * Passive income method requires investment to set up a passive income source, passive income source can be started at online at zero or low investment.

Which Income Source Is Best - Active Income or Passive Income:

            * If you need a income in short period and if you have no investment, then choose a active income source.

            * If you need a income in long term and if you have investment, then choose a passive income source.

             * Passive Income is the best income source. First choose passive income as a second income source.

Active Income vs Passive Income -  Story:

Introduction:

                 Once upon a time, there was a two friends named GOKUL and JACK lived in a village. They both liked to earn money and waited for a opportunity. There was a big water scarcity in their village. 

Income Opportunity:

                 After long time, they got a opportunity to earn money, by getting water from the river and earning money according to the amount of their water. 

Active Income Source Choice:

                 Jack daily used to go to the river with a bucket top to get the water and , he  received the amount according to it.

Passive Income Source Choice:

                 Gokul has layed the pipe between the river and his village. Gokul took 1 month to completely lay the water pipe between the river and his village.

Best Income Source - story conclusion:

                  After Gokul completed laying water pipe, he poured all the water from the river through his layed pipes between the river and his village.

                   Gokul has become the richest person in his village and jack has become poor, as  he does not have any work.

Conclusion:

        Now you known the definition, difference, investment and also a story of Active income vs Passive income. Comment your income choice ( Active income or Passive income).

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