The Passive Income Myth
The Passive Income Myth Sales,Business,Internet Marketing According to the IRS there are three categories of income: Active, passive, and portfolio. Active is what it sounds like. You do income-producing activities that you get income. Portfolio is also what it sounds like. You invest money into things like stocks, real estate funds, or other investment vehicles and — in the best of times — your investment yields gains, or income. Then there is passive income. The sacred cow of network marketing companies and continuity/membership site experts. The goal of every over-worked, under-earning, praying-for-a-miracle self-employed type. Passive intimates no work. You, on the beach, cocktail in hand, checking your Paypal account for the sales every few hours. Or, better yet, you, on your couch, in your jammies, binge watching GOT or House. Again. I googled a ton of content on passive income and although there are some sound possibilities out there — lend money for interest for ins...