#37 Money Mindset: Understanding Passive vs. Residual Income: Key Differences and Why They Matter
Description
In this episode, we delve into the differences between passive and residual income, exploring why understanding these concepts is crucial for financial growth and stability. We'll cover:
- Active Income: What it is and why it's essential for financial stability.
- Passive Income: How to earn with minimal ongoing effort and examples like rental income and dividends.
- Residual Income: The benefits of continued earnings after the initial effort, especially in network marketing.
- Practical Steps: How to diversify your income streams effectively.
Whether you're looking to increase your earnings or build a more robust financial future, this episode provides valuable insights and actionable advice.
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Samantha
United States
