Have you been to amusement park near Mission Beach? Can never find parking there. Guess I will try at 8:30 am, one day.

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So What Is The Differences Between Passive Income vs. Active Income

No matter how you make money, income falls into one of two categories: active or passive. While you may have heard about these, many people still don’t understand the differences.

Simply put, passive income is indirectly obtained, such as interest from savings accounts or stock dividends. Additionally, revenue is procured from rental property, limited partnerships, or other businesses where you invest funds without any added effort.

On the other hand, active income is money you substantially work to earn. If you have a business you actively manage, it falls under this type of income. Your paycheck is one example, along with wages, tips, salaries, and commissions.

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