For most of us who work a full time 9-5 W2 job, it is quite common to use our earned income, or sometimes called active income, for spending, whether the spending is for survival or for pleasure. There is nothing wrong with this model, and as a matter of fact, this may be the only…
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Passive Income vs. Active Income
One of major reasons why anyone would be interested in investing in real estate is for the passive income. Even though a lot of money think “money is money is money is money,” the way you earn that money dictates whether it is considered passive income or active income. Active Income Active Income is defined…
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When Can I Retire?
Have you ever asked yourself (or your friends) this question, “When can I retire?” Traditionally, we think of reaching the goal of retirement when we have $X in our bank account. For example, one will say, “I can retire when I have 2 million dollars in my bank.” Although that is a very common and…