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.
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