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Passive Income vs. Earned Income

Have you ever heard the phrase, “If you can make a thousand dollars, then you can make a million”? Does this phrase make any sense to you? For a long time, I thought it made sense to me, but I didn’t really grasp the concept. This is the whole notion between earned income and passive income.

Earned Income

This is the type of income that we are all most accustomed to. We head to our place of employment, we clock in for eight hours, and then we leave. We are paid based on the time we put in, regardless of the results we achieve. Sure, some of us are paid more than others, but if we didn’t show up to work for a month, there’s no doubt that the paychecks would stop coming in.

Passive Income

This type of income is a little hazy for most of us. We’ve heard

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Aim to Save a Grand Per Month

This site has been devoted to helping readers make extra money each month, at least a grand or more, by offering ideas for making the extra money as well as motivation and tips to aid readers in their journey. Some of the ways that we have highlighted include blogging, working as a freelance writer or virtual assistant, or even cutting grass or cleaning houses. These activities take little money up front but do require some of your time to make them happen.

You may not make $1000 per month right off the bat, but you can begin to make extra cash that will help with your monthly budget allowing you to pay off debt, save for retirement or get that new car. Just getting a little wiggle room in the budget can make a huge difference in your life. Eventually you might been able to save a grand per month

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