Passive income is one that you earn without doing much work or working significantly less, i.e., while being “passive”. Active income is the salary you earn from being employed. Passive income is interest in your bank deposits or investments in Treasury bills. Active income is the professional fee you earn for rendering consultancy services. Passive income is earning rental income from the apartment unit you’re leasing out. It is money dripping into your pocket from an (ideally) autonomous system you have established.
Benjamin, is this your report card?” my mother asked as she picked up the folded white card from the table. “Uh, yeah,” I said, trying to sound casual. Too ashamed to hand it to her, I had dropped it on the table, hoping that she wouldn’t notice until after I went to bed. It was the first report card I had received from Higgins Elementary School since we had moved back from Boston to Detroit, only a few months earlier. I had been in the fifth grade not even two weeks before everyone considered me the dumbest kid in the class and frequently made jokes about me. Before long I too began to feel as though I really was the most stupid kid in fifth grade. Despite Mother’s frequently saying, “You’re smart, Bennie. You can do anything you want to do,” I did not believe her. No one else in school thought I was smart, either. Click Here To Download The Book

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