What is the difference between active and passive income?
An example of an AI chatbot conversation about active vs passive income concepts.
What is the difference between active and passive income?
Active income is earned through direct involvement in work, like a salary. Passive income is earned with little to no effort, like rental income.
Can you give me examples of each?
Sure! Active income examples include wages from a job, freelance work, or consulting. Passive income examples include dividends from stocks, rental properties, or royalties from creative work.
Which one is better for financial freedom?
Passive income is often considered better for financial freedom because it allows you to earn money without actively working for it.
How can I start generating passive income?
You can start by investing in real estate, creating an online course, or investing in dividend-paying stocks.
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