Do You Want To Be Financially Free and Live Life On Your Own Terms?

Here are simple explanations on Passive Income and how to get Passive Income

What is an ASSET?

An asset is anything of value that can be converted into cash. Assets are owned by individuals, businesses and governments. For Example: cash or cash equivalents, Real property, Personal property and Investments.

Assets Vs. Liabilities

Asset is something you own that can provide future economic benefits such as Cash, land, buildingsLiabilities are your obligations such as either money that must be paid or services that must be performed.

Active Income Vs. Passive Income

Working the rest of your life making your money out of wages, tips, salaries and commissions working for others. Passive Income is earnings from an individual derives from a rental property, limited partnership or other enterprise in which he or she is not actively involved.

Ways to make Passive Income