Creating Active and Passive Income Streams After a Late Start

How does your financial picture differ when you discover the concept of financial independence in your late 40s?

[{"selector":"#anim-5466b3f0-4fe6-44a2-b605-4e52384e1ad4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1adc5d57-7cad-42f9-938e-c63869048101","keyframes":{"transform":["translate3d(-125.09091%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

That’s the predicament faced by the author of today’s Friday Feature just a few short years ago when she realized that it was time to get her financial house in order.

[{"selector":"#anim-77b361c3-c4eb-4603-9a85-09ccf975674a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a5e9f18-5979-4792-8742-1d90dd007d3e","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

Today, she can proudly claim five streams of income, a mix of active and passive.

[{"selector":"#anim-45114043-6d38-48c2-86dd-dce341c23a5f","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3249f40-5ab9-4ad3-8cb9-41151d85315f","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-776d8062-8d8f-4a94-9851-8b625e7769ba","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Creating Active and Passive Income Streams After a Late Start

It has nothing to do with wanting to be a millionaire! Even though we’ve all heard or read that millionaires have 7 income streams.

[{"selector":"#anim-93840609-8fb4-43d3-a8c6-168da6efd700","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0f111d3-554b-4fcf-a9ba-fdeeba93423c","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2aeb6708-50a2-4ce4-ba43-8d8669416281","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

My active income

[{"selector":"#anim-c91cd2cc-c27d-4c29-8e6e-f0f31e2544e3","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ebb192ea-96c4-4441-b00e-7fe71ce10846","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5321701c-8573-48d8-a9aa-c7d89bf4c420","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Without question, my biggest source of income is the salary I earn from my full time job. And I would definitely classify it as an active income. I actively trade my time, energy and effort (LOTS OF IT at the moment!) to earn this income. Read More

What is passive income?

[{"selector":"#anim-1da244e4-0341-4026-8536-94eb8d9b0080","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3902c7e4-9a95-45e6-96d8-4df48b710652","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1bd2813d-f926-44bb-ae4a-1f70fd8ecfc0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] I define passive income as income I earn without actively doing something to generate it. Income that I earn while I’m sleeping. How awesome is that? To have income streaming into my bank account without me having to work for it? Read More

SWIPE UP NOW TO READ MORE

[{"selector":"#anim-0db8aa04-d436-4943-b992-1ced53fe133d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d74f94e-d107-4d16-8af8-5d467e49dfc7","keyframes":{"transform":["translate3d(-116.50794%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

Creating Active and Passive Income Streams After a Late Start

How does your financial picture differ when you discover the concept of financial independence in your late 40s?

That’s the predicament faced by the author of today’s Friday Feature just a few short years ago when she realized that it was time to get her financial house in order.

Today, she can proudly claim five streams of income, a mix of active and passive.

Creating Active and Passive Income Streams After a Late Start

It has nothing to do with wanting to be a millionaire! Even though we’ve all heard or read that millionaires have 7 income streams.

Why do I feel a need to increase my income streams?

My active income

What is passive income?

SWIPE UP NOW TO READ MORE

MORE STORIES