What would be an example of passive income? thanks
Think passive income are things like rent from property and pensions. What else, Chair?
Pensions as in 401ks and Profit Sharing???
Active income is what you earn with your own sweat off the brow. Your wages from work, or your earnings from your business.
Passive income is what you earn from someone else's sweat. This would include such things as interest on your savings account, dividends for stocks and bonds, real estate investment trusts, and the like.