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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

You will get the income tax deduction for the gift to charity (spread out over several years), avoid the capital gains tax on a sale, feel good about benefiting your charity and still have a place to live. You can give your house away to a charity, but retain the ability to live in it. Giving: Does It Always Have To Be About The Money?

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