How much You earn regularly?
How much You earn monthly?
How much You earn Yearly?
Your income can come from two major sources:
Active Income and Passive Income.
Active Income is money that comes directly as a result of your own work, services performed, your skill, talent and time. This would be salaries, allowances, commissions and professional fees. You continue to receive active income as long as you keep working.
Passive Income comes from earnings generated by your assets and investment with no little work or no time required. This kind of income does not depend on your active participation. No need of your time, skills and talents.
According to Francisco J. Colayco, "Spend active income only for your needs. Never for your wants."
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