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Three Income Types: How You Make Money
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[QUOTE="Mika, post: 271173, member: 29399"] In order to make earned income, you need knowledge and skills. If you do not have knowledge and skills, you can't get a job and you can't make money. If you want to earn capital gains, you should have some investment and you should be able to make profits by selling off your assets. Passive income is also built with an investment. If you do not have an investment, you can't build passive income. The only exception to this is to create a product that sells and makes you passive income. Let's say you wrote a book, the book is selling and you earn royalty, the royalty you receive from your book is your passive income. Or, let's say you build software, your software continuously sells, and you continuously make money. Passive income can also be built from a business. However, it will take a long time before your business starts generating passive income. [/QUOTE]
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