309: Active Vs. Passive Income And How They Work For You!

The Clever Girls Know Podcast

Bola Sokunbi

Education, Business, Entrepreneurship, Self-improvement, How To

4.8 • 898 Ratings

🗓️ 7 November 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Active vs passive incomes, which one offers more benefits? What are the pros and cons of each? And most importantly, how can you generate either or both? Keep watching to learn more! In this podcast episode, learn how to use passive and active income and how leverage them to reach your financial goals. ❤ Get the best-selling Clever Girl Finance Books: clevergirlfinance.com/books ❤ Get access to 30+ free courses, worksheets, savings challenges, and our favorite banking resources: clevergirlfinance.com/course-packages/ ❤ Read the Clever Girl Finance Blog: clevergirlfinance.com/blog ❤ Follow us on Instagram: instagram.com/clevergirlfinance

Transcript

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0:00.0	Hello everyone and welcome to the Clever Girls No Podcast. This is Boila Schokumbi and the
0:08.0	founder and CEO of Clever Girl Finance. The Clever Girls No Podcast is a podcast for women offering a space for conversations around
0:16.8	personal finance, business, life, and living.
0:21.8	I'd love for you to subscribe to this podcast and you can do that everywhere
0:25.0	you listen to your podcast episodes and if you love what you listen to, head on over to
0:29.3	iTunes and leave a review so that other amazing women just like you can find this podcast as well.
0:36.2	I'd also love for you to stop by clevergirl finance.com.
0:40.4	We have new content on the blog multiple times a week. We have over 30 plus free courses.
0:46.0	Plus when you sign up for a course, you can talk to a clever girl finance mentor for free
0:51.0	to get encouragement, motivation, or if you just want to have an open, no shame, no judgment,
0:57.8	girl talk.
0:58.8	Finally, check out our YouTube channel.
1:02.3	Just search Clever Girl Finance on YouTube. And if you
1:06.1	don't already follow us on Instagram you can find us at Clever Girl Finance.
1:11.8	Okay so let's get into today's episode.
1:14.0	Active versus passive incomes, what are the pros and cons, which one offers
1:20.3	more benefits and more importantly how do you generate one or both?
1:24.0	So today we're going to talk about passive and active income streams
1:27.0	and how to leverage them to achieve your financial loans. So what is active income?
1:36.2	So what is active income?
1:38.2	Well active income is income you earn
1:40.1	when you exchange your time for money and this type of income requires management in order for it to grow.
	...

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