Passive Income vs Active Income In a Nutshell

April 30, 2018 Spence 0

Most people have a dream of being wealthy and not having to worry about money.  For some people, that’s all it is.  It’s a dream.  They think about winning the lottery or getting a giant inheritance or winning a huge lawsuit.  For other people, this dream is more of an expectation.  They work hard every day to ensure that they increase their passive income while still maintaining enough of an active income to live the lifestyle they want.  Many people do not know the difference between active and passive incomes.

Wealthy Life: Differences Between Rich and Wealthy

April 19, 2018 Spence 1

What’s the real difference between being rich and being wealthy? Some people believe there is no difference. I’m not one of those people. I strongly believe that you can be rich but not wealthy, that you can be wealthy but broke, and you can be both at the same time. So, what makes you wealthy and what makes your rich?