Active vs Passive Income
Can your current paycheck set you free?
If you are to stop working or retire today, how long can you survive without working or without money?
These questions have been pondering through my mind many years back while I was then an employee.
After reading books like Rich Dad Poor Dad and Why we want you to be rich. It make pure sense that we should start building passive income, aka permanent or royalty incomes. Take for an example of owning or inheriting a fully paid up house. When you rented it out, you are earning rental income whether you are working or not. That’s passive or ongoing income and it is making money work for you.
So if you are an employee or a self-employed, you are earning what we called “active income” which is temporary. When you quit, retire or something happen to you, the income also stop flowing in.
And when we grow old, who is going to feed and take care of us, our children or the government?
There are couple ways to earn passive incomes. One of it is to be a microstock photographer. You do the work once and it can generate money for you over and over again … provided the images can sell.
So if you are a photography enthusiast, start making money with your camera now.
Below are the links to the sign up pages of some of the top microstock agencies. Browse through it, who knows you might have what it takes to be a microstocker.
istock
Shutterstock
fotolia
Dreamstime
Crestock
BigStockPhoto
123RF
Contact me if you need guidance. Good luck!
Hello world!
A wise person once said, “I don’t give fish to people just to fill his or her stomach for a day but I teach them how to fish so they know how to feed themselves for life.”
Kill poverty. Live happy.
