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Do you have passive income?
movilogo
Posts: 3,235 Forumite
Do you have passive income?
Active income = earning from job incl. self employment where you have to work actively to earn money. If you don't work then no income i.e. you need daily effort to maintain it.
Passive income = earning from business system, rental properties, stocks/shares/bond, royalty etc. from where you generate regular cashflow without your full time involvement.
https://en.wikipedia.org/wiki/Passive_income
Total income = Active income + Passive income
PS: Don't know how to remove duplicate entry from poll options
Active income = earning from job incl. self employment where you have to work actively to earn money. If you don't work then no income i.e. you need daily effort to maintain it.
Passive income = earning from business system, rental properties, stocks/shares/bond, royalty etc. from where you generate regular cashflow without your full time involvement.
https://en.wikipedia.org/wiki/Passive_income
Total income = Active income + Passive income
PS: Don't know how to remove duplicate entry from poll options
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
Do you have passive income? 60 votes
No passive income (i.e. only income from job)
26%
16 votes
Yes and my passive income is below 10% of my total income
20%
12 votes
Yes and my passive income is between 11-25% of my total income
20%
12 votes
Yes and my passive income is between 26-50% of my total income
5%
3 votes
Yes and my passive income is between 26-50% of my total income
1%
1 vote
Yes and my passive income is over 50% of my total income AND I am not a pensioner
10%
6 votes
Yes and my passive income is over 50% of my total income because I am retired/pensioner
16%
10 votes
0
Comments
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I see building passive income as the most important element in ones financial life.
Slowly building freedom.0 -
Just a bit from dividends which mounts to a couple of nights in the pub, plus interest from ISA savings. Nothing too significant.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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Apart from savings, none.
We double man our trucks, that usually means one of them is kipping for half the day. Can I count that as passive income:p0 -
Yes, my income is 100% "passive". Although you do need to put in work to maintain the stream of income so perhaps it's not passive in the true sense - is anything? It doesn't appear from nowhere, you have to set it up.
I don't work full time though and frequently take several weeks or months off work without my earnings dropping. I also didn't work for 3 years whilst having my children bar the odd morning here and there to make sure nothing was sliding. Still earned a full time income.
Am an online affiliate marketer. Have been for 13 years.0 -
I have 2 BTL properties0
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I assume a pension counts so I have voted accordingly.0
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Personally - I wouldnt count pension as "passive income".
It's "deferred income" basically - in that I've been earning it during my worklife.
So - nope. I dont have any passive income at all then put like that.0 -
moneyistooshorttomention wrote: »
It's "deferred income" basically - in that I've been earning it during my worklife.
.
Just like savings then?
ISA/Pension - what's the difference?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I farm hapless oppressed tenants by charging them any rent I can think of, and they have no choice but to pay. I never do any property maintenance and I regularly rub my hands, throw my head back and laugh wickedly at them.0
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I've made a fortune selling Timeshares in the Cape Verde Islands.
0
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