The Website is strictly for those who are looking nontraditional ways to earn income. Sometimes people are just so used to being lied to about having a 9 to 5 being the only way to earn a decent income. In recent years, I’ve discovered many ways to earning income passively.
What is passive income you might ask?
What is ‘Passive Income’
Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, so dividends and interest would therefore be considered passive.
BREAKING DOWN ‘Passive Income’
There are three main categories of income: active income, passive income and portfolio income. Passive income has been a relatively loosely used term in recent years. Colloquially, it’s been used to define money being earned regularly with little or no effort on the part of the person receiving it. Popular types of passive income include real estate, peer-to-peer (P2P) lending and dividend stocks. Proponents of earning passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle. The type of earnings people usually associate with this are gains on stocks, interest, retirement pay, lottery winnings, online work and capital gains.
That is just a few examples of what this website is about. I took the liberty in creating articles from different types of passive income ventures to just plan giving you reasons way passive income is the new wave of the future. I leave you to explore this page and if you have any questions feel free to contact me through my contact page at the top.
Cheers