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What is passive income & why is it important? 1) What is passive income?: Passive income is generally defined as the flow of income earned with less effort or more effort. Passive income is any income that you can earn without much effort or time. Hence it is also called passive income. Active income is income earned by being active, especially a regular job or an additional part-time job or business income. Man spends his time and a lot of energy to earn active income.
Until recently, I only knew what active income is. Active income means getting paid for the hours you put in or for a certain result. But there is also passive income and after some effort at first, earning passive income is much easier. View these s and learn how to earn passive income…
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Repaying loans early, moving to cheaper cities and using tax breaks can help you retire early Can you retire before 60? Well, the answer depends on your ability to live on your passive income. Passive income is any income earned without working. This could be interest income, portfolio income, dividend or rent. Here are a few strategies to get there.
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