What’s the difference between personal exertion income and passive income?

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What's the difference between personal exertion income and passive income?

Knowing the difference between personal exertion income (e.g. your salary) and passive income (e.g. investment returns) is vital to achieving financial independence. Once you obtain a sufficient level of passive income for your needs, you will have far more choices available to you – such as whether you want to continue to work or not.

And that’s a pretty good choice to have.

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