As I previously stated, my goal is to make at least $179 a day. I am confident that I can accomplish this goal if I use both active and passive income. You see, active income is income you make right now. It includes ghostwriting for clients, etc. It is income that is like a job. If you stop working or don’t do the work, your income will cease as well. In most instances, once you complete the task and get paid for your efforts, your income ceases at that point. On the other hand, passive income continues to pay you, long after you stop working. For instance, writing for sites like Bukisa and Xomba are passive income. You complete the work today and get paid tomorrow.
So, the question is, which one should you use? In my case, I will use active and passive writing streams to meet my $166 a day writing goals. My plan is to spend 50% of my time on Active incomeand 50% of my time on residual or passive income.
By dividing it up half and half, I will have income now and later. In addition, I will be building a business and not just working a job and to me, this just makes good financial and common sense.
So, what do you plan on pursuing? Active writing income, passive writing income or both?
