Do you like to see your money grow?
Money management 101,
“Ensure we have more money coming in then going out of our pocket.”
With the increased cost of living, everything gets much more expensive every single day.
For us to maintain our current living standards, we have to constantly look for ways to grow our income. This can be in the form of a pay raise, a change of job, or even doing a side hustle.
“Since, there are so many options to choose from, which option is for me?”
Before we choose what method should we use to grow our income. Our first step should be understanding where our money comes from.
This may sound simple, but without a good foundation of understanding this concept, growing your income will be next to impossible.
2 main ways to grow your income:
- Active Income / Earned Income
- Passive Income
But what is the difference between active income and passive income?...