In the most simple of terms: Passive income is a type of unearned income that is acquired automatically with minimal labor to earn or maintain. In days past it was fondly referred to as "MAILBOX MONEY."
Mailbox money is the idea of getting money in your mailbox with little or no work. In the "old days", this meant getting checks in the mail - but today, it basically means passive income that hits your account without much effort.
Interest can come from a variety of sources but the two biggest are from your interest-bearing deposit accounts (like a savings account) or loans, either to individuals (peer-to-peer lending or private notes) or companies (bonds, notes)..
Dividends are payments from investments and partnerships. The stock market can provide dividends and you can benefit from their favorable tax treatment. Partnerships can make payments. Qualified dividends are taxed at long-term capital gains rates, which is lower than ordinary-income rate.
Royalty income is income earned when others borrow or use your property. For example, an author may write a book and a publisher will print, distribute, and sell that book. The author gets a percentage of each sale as a royalty. You can buy or license a product and resell it to others.
Earn rental income from individuals or companies who rent the space from you. This can be residential as well as commercial property. The Blockchain and crowdfunding empowers smaller investors to own just a fraction of a property along with other investors. Not only is it way to diversify real estate portfolio without putting too much into one investment it offers great returns. Recently Farmland has demonstrated consistent increases in value and is appealing to investors. .
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Thank you team for delivering nothing but value and having us come away with great info to pump up our career/investment strategies!.
This course was amazing. Grant was incredibly knowledgeable, encouraging, inspiring - in the matrix - there is no spoon kind of awesome ... I could barely take notes fast enough!"
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