31/08/2023
💸Did you know there's a fine line between passive and semi-passive income?
Explore this intriguing boundary and transform the way you think about earning money.
👉🏼👉🏼👉🏼First let's see the difference between Passive Income and Semi-Passive Income.
💰Passive Income is money earned without actively working for it.
On the other hand, Semi-Passive Income income is defined as any income generated that requires some of your time and energy, but not an amount of time and energy equivalent to what is required to generate active income
In other words, Semi-Passive Income requires some effort, but not as much as active income.
💸Some of the examples of Semi-Passive Income are Dropshipping, Online Courses and eBooks (can be considered passive if they don't need some kind of update) etc.
While on the other hand, examples of Passive Income are rental income, dividend payments from shares etc.
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