All Topics / Opinionated! / Diff between passive, active and residual income?

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  • Profile photo of FireCaesarFireCaesar
    Member
    @firecaesar
    Join Date: 2004
    Post Count: 71
    December 3, 2004 - 12:23 pm

    Hi,

    Can someone please clarify for me the differences between passive, active and residual income?

    TIA.

    Profile photo of 1Winner1Winner
    Participant
    @1winner
    Join Date: 2004
    Post Count: 477
    December 4, 2004 - 6:46 am

    I know the terms “lineal” income the one you get by exchanging hours for dollar, and “residual “income, the one that comes from investment or royalties that is independent from what you do.
    Passive I supose refers to residual and active to lineal.

    I am pursuing activley residual income, in order to make passive my lineal income…[biggrin]

    May God prosper you always.[biggrin]
    Marc

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