Passive income is supposed to be income that just flows in without the need for you to actually do any work. However, can any income truly be considered passive?
The term passive income online has become almost a household term today. Just about everybody knows somebody that is doing it, or at least knows somebody that knows somebody that is doing it.
There are those who want to transition from earning their income to just letting it come at them. Passive income is the goal for many. Here is a look at some of the differences between earned income and passive income.
For the most part, when we think of income, it falls into one of two categories: earned and passive. Understanding the differences between earned income and passive income is important as you file your taxes.