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What is Passive Income?

Prairie Eco-Thrifter

Here are some forms of passive income that you may have heard of: Real Estate (rental units). Out of these three options, real estate is often the passive income of choice, simply because not everyone has the talent to sing or write, but for the most part, real estate can be learned by almost everyone.

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How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

If you end up in life with assets that you would like to use or from which you need to receive income, yet also want to donate to charity, there may be ways for you to do both. With the help of an estate planning lawyer and your accountant you might be able to use one of these “have your cake and eat it too” ideas.

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