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Explain the differences between active and passive income. Which do you think is easier from an owner's standpoint, and why?
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Explain the differences between active and passive income. Which do you think is easier from an owner's standpoint, and why?

User Joel Wigton
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Answer:

Passive income is money earned on an investment, or work completed in the past that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. I would think active income is easier because it allows you to earn an income quickly and consistently. Passive income can take years to build.

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User Punniyam Moorthi
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