Two Types Of Income

There are two types of income, one is called active income and the other is passive income

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Active income is the the income you get in exchange of your time and labor. It means that you have to work in order of earn this type of income, if you stop working your earning will stop as well. An example of active income is a Job.

Passive income is the income wherein you earn whether you work or not. One example of an passive income is income you get from an rental apartment you own.