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Box News Canada - There is a lot of chatter in the personal finance world about passive income, why you need it and how great it is. But what is it and why is it such a topic of conversation?
Read - 27 Passive Income Ideas You Can Use to Build Real Wealth
Passive income means merely money that you earn without doing much to make it. Some passive income ideas take a degree of upfront work to earn, like writing an e-book and some don’t take any effort at all, such as investing with a robo advisor.
Read - 24 Passive Income Ideas to Make Money While You Sleep
Active income is money earned when you perform a service. This is money you make from a job and includes salary, tips, commission and any other extra cash you make from a side hustle.
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