(Please dont respond if your not making more than 1k in passive income)
If you are, how did you get started? What type of asset is it? business, real estate, dividends? If its business what type of business is it?
And how much money are you currently making per month of this asset?
2006-08-23 14:06:53 · 3 answers · asked by mookie123 1 in Business & Finance ➔ Other - Business & Finance
please don't give advice if you don't know what you are talking about...
Muncie: follow this link.. then tell me what earned, passive, captail gains incomes are...
http://ezinearticles.com/?Understanding-the-Three-Different-Types-of-Income&id=42046
2006-08-23 14:37:50 · update #1
Mutual funds, start now, leverage the american economy.
2006-08-23 14:09:35 · answer #1 · answered by TruthIsRelative 4 · 0⤊ 0⤋
When you get to be my age, that is the only kind of income you have. Business income is not passive income. Dividends, interest, and capital gains are defined as passive income by the IRS.
I am making sufficient to live on comfortably and also to keep ahead of inflation. some months more some months less. Hedging is important to reduce risk.
I started at age 17 and have been investing ever since. It is very important to set goals and to have a plan.
2006-08-23 14:13:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Try G2Bay
2006-08-25 15:40:36 · answer #3 · answered by masti2100 4 · 0⤊ 0⤋