Passive Income Regular Income Source Part-time Jobs In India
First Let Us Know, What Is Passive Income?
Passive Income Is The Income For Which You Don’t Need To Work Actively Means Once You Done With The Suggested Method Get Benefits Throughout Of Your Life.
For Example:- Rental Income Is A Part Of Passive Income, As You Do Not To Do Any Active Work For The Rental Income.
In Simple Way Of Understanding, Passive Income Is Also Called That Income, When You Do Not Work For Money, Invested Money Works For You To Generate More Money As Double Benefits.
Another Example As – Money Put In Bank As Fixed Deposits, Investing In Share Market And Companies Pays You Dividend Regularly With Stock Growths.
Let Understand The Difference Between Income And Income Source
In The Income Source, We Keep Getting Income At Regular Intervals. Whereas Income Can Be Any Amount, Which Comes From Anywhere At Any Time.
For Example, The Money Received In The Prize Of Any Kind Of Lottery Can Be Our Income, But Not The Source Of Income.
Another Example, The Money We Get From The Job Is Our Source Of Income.
What Are The Different Income Sources?
Let Us Understand The Income Source Together To Understand Passive Income Better.
We Need Money For Our Living, And All Kinds Of Expenses, And All Of Us Have Some Source Of Money To Come I.e. Income, And The Sources From Which We Get Money Are Called Our Income Sources. Goes,
For Example, If I Get Money From My Job In The Form Of Salary, Salary Is My Source Of Income, And Similarly If Someone Gets Income In The Form Of Rent From A House, Then Rent Is His Source Of Income,
Well, There Can Be Millions Of Ways To Earn Money, But No Matter The Way You Earn Money, If You Talk About Your Income Source, Then There Are Three Types Of Income Or Three Income Sources-
Active Income Source – As The Name Suggests – Active Income, That Is, The Income That We Have To Work Actively To Get, That Income Is Active Income,
For Example, Income From Job Is "Active Income".
Passive Income Source - Like We Have Already Told That Passive Income Is That Income, For Which You Do Not Have To Work Actively,
For Example, The Rental Income From A House Is Your Passive Income.
Portfolio Income Source – Portfolio Income Is Actually A Part Of Passive Income, In Which Money Comes From Income Sources Like Bank And Stock Investments, And Such Income Is Called Portfolio Income,
For Example, Dividend From Stock Investment Is Portfolio Income.
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Till Now We Have Understood That Whoever We Are, Employee, Businessman, Daily Worker, Housewife, Student, Children Or Old People, Whatever Our Income Comes From These Three Sources,
Some Examples Of Passive Income-
1. Income From Rent As Rental Income
2. Interest Benefit From Fixed Deposit
3. Benefits From Mutual Fund Deposits
4. Income From Dividends
5. Income From A Business Where You Do Not Work Actively – Such As Partnership Business Or Franchise Business
6. Income From Post Office/lic Monthly Payout Plans
7. Income From Royalty
8. Income From Any Kind Of Internet Business, Income From Websites/blogs/YouTube )
9. Capital Gains From Value Stock Investing
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