#Passive #income #explained , Passive income explained | active income | Make a living online | 2022

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#Passive #income #explained
Passive income explained
What is passive income, and how to build passive income. Let me start with explaining how most people misunderstand passive income. What if you are faced with two choices. First option is to generate active income, by working to get paid, basically exchanging time for money. With working, I mean either working as an employee or as a business owner. Second option is to generate passive income, earning money while you don’t have to be present. Basically sitting on the beach watching the sunset while collecting money. What would you choose? First option or second option? Left or right? Well, if it is presented this way, I am pretty sure you would go for #passiveincome, right?

Here’s the harsh reality: there is no direct road to passive income. Unless you were born in a very wealthy family, you will first have to earn money in order to put that money to work to generate passive income.

That’s what I call the active road to passive income. Go active before going passive. There are two ways to do this: work and invest, or build and harvest. Let me show you how to build your passive income this way.

⏱️TIMESTAMPS⏱️
0:00 Introduction
0:12 Active income vs passive income
0:45 The reality about passive income
1:04 How to build passive income
2:00 Passive income versus expenses
2:33 Build passive income online

Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market #investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
active income

What is passive income, and how to build passive income. Let me start with explaining how most people misunderstand passive income. What if you are faced with two choices. First option is to generate active income, by working to get paid, basically exchanging time for money. With working, I mean either working as an employee or as a business owner. Second option is to generate passive income, earning money while you don’t have to be present. Basically sitting on the beach watching the sunset while collecting money. What would you choose? First option or second option? Left or right? Well, if it is presented this way, I am pretty sure you would go for #passiveincome, right?

Here’s the harsh reality: there is no direct road to passive income. Unless you were born in a very wealthy family, you will first have to earn money in order to put that money to work to generate passive income.

That’s what I call the active road to passive income. Go active before going passive. There are two ways to do this: work and invest, or build and harvest. Let me show you how to build your passive income this way.

⏱️TIMESTAMPS⏱️
0:00 Introduction
0:12 Active income vs passive income
0:45 The reality about passive income
1:04 How to build passive income
2:00 Passive income versus expenses
2:33 Build passive income online

Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market #investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!