What is Passive Income? And Types Of Passive Income

Azad Technical February 03, 2019 No comments

What is Passive Income? And Types Of Passive Income

What is Passive Income
What Is Passive Income

Passive income is that income, for which you do not have to work actively, like - a rental income from a house is your passive income, because you do not have to actively work for rental income,

other side,

Passive income is also a great source of income when you do not work for money, but money works for you,

Like - Interest from bank fixed deposits, or dividends from stock, or income from such business that you do not actively work on,

Difference between income and income sources

  • There is special difference in income and income sources,
  • In the income source we get income on fixed time intervals continuously,
  • While income can be any amount, whatever comes from ours anytime,
  • For example, money can be earned in any kind of lottery, but not income sources,
  • The money from the job is our income source,

What is the different income source?


Let us also understand the income source well enough to understand passive income,

We need money for our living and all kinds of expenses, and we all have some sources of income for coming to the money, and the sources that we also have money, they say our income sources. Goes,

Like - If I have money from my job as salary, salary is my income source, and in the same way if anyone receives an income from a rental house, then the rent is his income source,

Well, there can be millions of ways to earn money, but if you talk about your income source, the way you earn money, there are three types of income or three income sources-

  1. Active income source :- as is known by name - active income, i.e., to get the income we have to work actively, it is an income active income, Like - Income from Income, Active Income,
  2.  Passive Income Source :- As we have said earlier that Passive income is income, for which you do not have to work actively,  Like - Rent from an apartment is your passive income,
  3. Portfolio Income Source :- Portfolio Income is a part of Passive Income, which comes from income sources such as banks and stock investments, and such income is called portfolio income,  Like - dividend, portfolio income, which is available from stock investment.

So far, we have understood that whatever we are from, the Employee, businessman, daily worker, housewife, student, child or old age, whatever the income we have comes from these three sources,

Types of PASSIVE INCOME


  1. Income from Rent,
  2. The benefits of interest received from fixed deposits (Income from FIXED DEPOSIT)
  3. Benefits from Mutual Fund Deposit, (Income from DIVIDENDS AND CAPITAL GAIN)
  4. Dividend from Stock Investments (Income from DIVIDENDS)
  5. Income from any business where you do not work actively - like Partnership Business, or Income from Business (BUSINESS)
  6. Income from Pension (PENSION PLANS)
  7. Income from ROYALTY received from writing a book
  8. Income from any type of online internet business, (Income from WEBSITES / BLOGS / YOU TUBE)
  9. Capital gains from Value Stock Investing (Income from VALUE INVESTING IN STOCKS)
  10. Commission income from MLM (Multi Level Marketing) or other such company which did not earn your commission despite earning commission (Income from COMMISSION)
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