By Matthew Makowski What is passive income? It’s a question we get a lot here at Investment U.
For starters, most income can be broken down into two main classes: active and passive. Active income is the way most Americans make their money. That’s income earned from doing a job and receiving tips, hourly pay, a salary or commission.
So what is passive income? To put it simply, this is payment received through little (if any) effort made by the person who receives it. If that sounds too good to be true, well, it isn’t. Just about anyone can set up a steady stream of …read more
