3 types of income: Active, Portfolio and Passive Income

There are 3 types of income: active income, passive income and portfolio income. Active Income Dictionary.com says: Income for which services have been performed. This includes wages, tips, salaries, commissions, and income from businesses in which there is material participation. Passive Income Wikipedia says: Most types of passive income are derived from real estate/property, while … Continue reading 3 types of income: Active, Portfolio and Passive Income