Comments on: Passive vs Active Income: Continuum vs Dichotomy

By: Dailytools

Dailytools — Wed, 21 Apr 2010 02:42:21 +0000

Hi Panzer,
Thanks for sharing so many of your interesting blogs. From your commitment to your blog, I can see that you are really committed to developing a passive income from it. Keep up the good work and I enjoy reading your articles.

cheers
dailytools
.-= Dailytools´s last blog ..Millionaire : The Philanderer, Gambler, and Duelist who invented modern France =-.

By: panzer

panzer — Sun, 04 Apr 2010 07:46:31 +0000

Dear Newlife

Great to see that you are committed to that path.

The one thing that I learnt during my journey towards financial freedom is that it takes different strokes for different folks, i.e. one can reach our targets through different ways.

Be well and prosper.

By: panzer

panzer — Sun, 04 Apr 2010 07:44:04 +0000

Dear Bicus

The best starting point is to gain a knowledge of personal finance by reading all the books you can get your hands on and to keep your money safe for the time being in fixed deposits or savings first.

I would recommend, “Richest Man in Babylon”, “Your Money or Your Life” as starters.

Knowledge first, experience comes after that.

Be well and prosper.

By: Newlife

Newlife — Thu, 01 Apr 2010 16:46:22 +0000

I am the believer of actively to get my money to work hard and generate income for me & my family. Once you believe it and committed to do it, you will start to feel that it is possible to have passive income overrun our active income.

By: Bicus

Bicus — Wed, 31 Mar 2010 12:00:25 +0000

Hi..
I am a 19-year-old student with little experience in the work-life. Nevertheless, I have encounter the same thoughts as what you have expressed in the article about achieving financial freedom. What do you think is a good start for a young student like myself?
Thanks

By: Passive vs Active Income: Continuum vs Dichotomy | TheFinance.sg

Passive vs Active Income: Continuum vs Dichotomy | TheFinance.sg — Tue, 30 Mar 2010 10:03:07 +0000

[...] Even though I have a decent job now that pays me a fair income to sustain myself and my family. I am driven by the constant worry about financial independence and freedom. Thus, even as my active income from employment is the main driver of savings. I continually push myself to look out for passive income opportunities. Read more… [...]

By: panzer

panzer — Mon, 29 Mar 2010 06:06:03 +0000

Hi Royston

That’s something that I’ve been thinking about as well. It takes a lot of capital or a lot of risk to achieve a high level of passive income.

Employment income still constitutes the main income source for many of us in our economically productive years.

Be well and prosper.

By: Royston

Royston — Sat, 27 Mar 2010 06:58:05 +0000

I think to be able to survive solely on passive income alone is a dream that most of us wouldn't be able to achieve that soon. Building both active and passive income over a long term is the way to financial freedom so that we can retire comfortably when the time comes. .-= Royston´s last blog ..New private home price index launched in Singapore =-.