Smart Passive Income-Smart Economic Independence

Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

Passive income differs from earned income & portfolio income in a variety of ways. Passive income is generally defined as a stream of income earned with little effort, And it is referred to as progressive passive income meaning there is little effort needed from the individual receiving the passive income in order to grow the stream of income. Examples of passive income include rental income and any business activities in which the earner does not materially participate during the year.

Passive income differs from active income which is defined as any earned income including all the taxable income and wages the earner get from working. Linear active income refers to one constantly needed to stay active to maintain the stream of income, and once an individual chooses to stop working the income will also stop, examples of active income include Wages, Self-employment income, martial participation in s corp, partnership. portfolio income is derived from investments and includes capital gains, interest, dividends, and royalties.

So where are we going with all this? To that, if you want to increase your income, you should not save money, but time. And that's what smart passive income is about: making money while you do not stop doing your daily tasks. A smart passive income allows you to increase your earnings while you complete your usual work schedule, while doing household chores and even while you sleep! You can save money for your retirement, change the car or whatever.

In this app you will learn: what is passive income, why is it so important, great examples from life, benefits of passive income, how to generate passive income, smart passive income ideas to progress immediately, smart passive income for traveleres and passive income for beginners and advanced. Become economic independence NOW - Join us now in this great adventure - change you life forever.