Comments on: Secrets of the Rich: Active Income vs. Passive Income

By: Free Financial Checkup for Pinoy

Free Financial Checkup for Pinoy — Sat, 20 Mar 2010 15:09:13 +0000

The movement from active to passive income requires discipline and patience. I have acquintance with some Pinoys here in Dubai that even they have access to such passive income, they settle for luxury and easy life.

Discipline. If a person cannot see tha value of money and let time/interest do its magic, money will not growth naturally. Remember rule of 72.

Patience. If a person looks for high return but has no patience to wait for such return. That’s why some Pinoys because victim of rich-quick a.k.a money scams.

By: Shawn Ang

Shawn Ang — Mon, 15 Mar 2010 07:42:43 +0000

I totally agree with you. We need passive income rather than active income so that we have more time for our family. Right now my passive incomes are rental of rooms, email cashpro, my website, ecosway biz etc.

By: Bob S

Bob S — Fri, 05 Feb 2010 15:02:35 +0000

I highly doubt you are a millionaire, seeing as how you cannot even spell the word. You are an internet warrior, living your dream persona on the internet. I bet you live in your mom’s basement and that you are broke. haha.

By: Karl's Mortgage Calculator

Karl's Mortgage Calculator — Sat, 04 Jul 2009 05:05:55 +0000

I agree “Rental properties require at least some work - attending to maintenance, doing the tax returns, dealing with tenants etc. Writing a book is also not passive “

By: admin

admin — Sun, 18 Jan 2009 23:22:08 +0000

I agree with you traineeinvestor. I think that to be able to get passive income, one must undergo active income first. And even though you already achieve passive income, you should also “actively” maintain it in order to preserve it. However, being active in this time mean less hours and less effort of work compared to the usual source of an active income which is a job.

By: Weekend Link Love And Call For Guest Posts - Amateur Asset Allocator

Weekend Link Love And Call For Guest Posts - Amateur Asset Allocator — Sun, 18 Jan 2009 18:18:52 +0000

[...] Millionaire Acts relates the secret of the wealthy: they make the bulk of their income passively! [...]

By: Milioner My Way

Milioner My Way — Sun, 18 Jan 2009 12:24:25 +0000

Millioner is my way…. My blog make me like a millioner..

By: traineeinvestor

traineeinvestor — Sun, 18 Jan 2009 09:00:16 +0000

Passive income is great! Even during the current downturn, the rents keep on hitting the bank account each month.

However, I can confirm through practical experience that “passive” income is not always that passive. Rental properties require at least some work - attending to maintenance, doing the tax returns, dealing with tenants etc. Writing a book is also not passive - it takes a lot of effort to write a book (as my sporadic efforts to complete my novel can testify to). I tend to view “active” and “passive” income as relative terms rather than absolutes.