Having a job is a basic start to have income. This jobs could be small time or big time but whatever it is,atleast you have an income to spend for your neccessities.
Second option for typical Filipino to earn is through Small Business, buy and sell or services. Everybody dreams of having their own business,but can't dream it to be as big as ever.We are contented of having it as a small one only enough for our everyday's spenditure.
These two Incomes are categorized as an Active income where in it needs 100% of our Time and Effort
But aside from this two Income Sources which you could be doing in the same time.There are many other sources of income which is categorized as Passive Income. This income earns even you are not there to work for it. This incomes keeps coming even without doing anything. Sounds impossible but true. Example of this income are our investments. This income requires only our resources. These are income generating Assets. Some more examples are Income from royalty, interest of our investments and rental income.
The table below shows the difference of Active and Passive Income.
"The size of your PASSIVE INCOME will determine your financial success or failure"
Incredible information on creating multiple income stream.
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