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When looking at bringing in money, there are two ways that you can initiate an income stream. It will either be passive or active. These are not unheard of terms for most people,but they are not always clear to those who are outside the world of business and investment. Before deciding which is the best way to make your money, understanding what each term means is important so you are able to build the most profitable financial scenario possible for your particular life situation. The basic definitions of passive and active income are straightforward. Traditionally, passive income has been making money through stocks, bonds, and real estate that all require capital gain income you already own. However, passive income can also be defined as creating an online business or obtaining an investment that requires little capital and the work(sweat equity) that has been done beforehand. Passive income is an income stream that needs very little ongoing effort to continue to draw a consistent income and show promising results for financial freedom. Active income is different. It is income that you get for doing something such as performing a service or selling goods. Wages, salary, bonuses and tips are all different types of active income. These require something to be done in a specific time period for payment and can provide a steady cash flow based on the amount of work you do.
https://i0.wp.com/www.symonhe.com/wp-content/uploads/2020/08/Understanding-and-Overcoming-Procrastination-Start-Doing-What-Truly-Matters.jpg?fit=1030%2C580&ssl=1 580 1030 symonhe2 https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png symonhe22023-07-29 23:52:472023-07-30 00:20:51Understanding and Overcoming Procrastination: Start Doing What Truly Matters
If you're the master procrastinator, you know the woes of trying to finish a project at the last minute. There’s that instant panic when you realize the due date is around the corner. But you haven’t started even the easiest of tasks, and that larger task just seems like an even more challenging task. We’ve all been there. And sometimes no matter how hard you try, you can’t get in the mindset to start a big task. So, you keep putting it off and are overcome with negative emotions, like stress and discomfort. It’s like you physically don’t have the motivation to start what you need to start. The worst part is that when you put off what you should be doing until the last minute, you don’t do your best work.
https://i0.wp.com/www.symonhe.com/wp-content/uploads/2020/08/What-is-Flow-The-Psychology-Behind-the-Flow-State-of-Mind.jpg?fit=1030%2C580&ssl=1 580 1030 symonhe2 https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png symonhe22023-06-08 08:24:072023-06-08 08:24:11What is Flow?: The Psychology Behind the Flow State of Mind
The flow state of mind (also known as being in the zone) is a mental state we all wish we could achieve. It doesn’t matter if we’re at work or doing something creative. The flow experience brings you into the present through mindfulness. Your thoughts aren’t floating around to distract you. You aren’t worried about bills or the kids. You’re just here, right now. That sense of feeling gives you a boost at work and elsewhere in your life. But not only that, the flow state of mind gives you a different type of happiness. We’re going to cover the psychology behind the flow state of mind. We’ll learn how it works and the benefits. Plus, we’re going to discuss great ways to get into that flow state of mind. The next time you’re struggling, you may be able to fix your focus.
https://i0.wp.com/www.symonhe.com/wp-content/uploads/2020/07/airbnb-online-experiences.png?fit=2240%2C1260&ssl=1 1260 2240 symonhe2 https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png symonhe22023-06-08 08:23:442023-06-08 08:23:47The Ultimate Guide to Airbnb Online Experiences
While many of us think of Airbnb as an alternative vacation rental and are familiar with being an Airbnb host or guest, the brand itself is much more. The Airbnb Online Experience is a new and exciting way that offers an interactive, virtual experience from anywhere in the world. Share your knowledge and skills with those who want to learn, cook, explore and more. Let's go through the steps and skills needed to become an Airbnb Experience Host.
https://i0.wp.com/www.symonhe.com/wp-content/uploads/2020/08/Intermittent-Fasting-Success-Stories-How-Fasting-Absolutely-Skyrocketed-My-Productivity.jpg?fit=1030%2C580&ssl=1 580 1030 symonhe2 https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png symonhe22023-06-08 08:22:442023-06-08 08:23:08Intermittent Fasting Success Stories: How Fasting Absolutely Skyrocketed My Productivity
Intermittent fasting has grown in popularity over the years. It’s a favorite among dieters, regardless of weight or sex. There’s some validity to intermittent fasting. There have been incredible results of weight loss from this diet. But it’s not only great for weight loss. Intermittent fasting can do many amazing things. Having the right intermittent fasting plan can do more than just fat loss and help insulin levels. Changing your eating pattern and food intake can also increase your productivity. It’s worth giving intermittent fasting a chance if your productivity has gone downhill.
https://i0.wp.com/www.symonhe.com/wp-content/uploads/2020/09/Excel-cover-image.jpg?fit=1200%2C1200&ssl=1 1200 1200 Symon https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png Symon2023-06-08 08:19:352023-06-08 08:19:38Excel Interview Questions and Answers to Help You Get the Job You Want
Are you applying for a new job that requires knowledge of data and spreadsheets? If so, chances are good that you’ll need to prove your Excel expertise during the job interview. A wide range of roles — from IT and data analysis to accounting…
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No matter how much we love our job, there are days when we ponder if retirement is just too far away. When that feeling comes on, it is time to look at moving that retirement date up and trying to finish our working careers sooner rather than later. To do that, there has to be a way to build up income so early retirement is possible. Retiring early is going to be about positive cash flow and one way to achieve that is to become a real estate investor. Knowing how to retire early with real estate means creating a good cash flow that comes from owning a portfolio of units that generate profit. Knowing how to retire early with real estate allows you to work toward early retirement goals. There are some steps you need to take to make this work.
https://i0.wp.com/www.symonhe.com/wp-content/uploads/2020/05/Buying-a-House-Checklist-10-Questions-to-Ask-Before-Buying-a-House.jpg?fit=1030%2C580&ssl=1 580 1030 symonhe2 https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png symonhe22020-08-13 06:13:522020-08-13 06:13:57Buying a House Checklist - 10 Questions to Ask Before Buying a House
Buying a house is an exciting time whether it is to be your first home or as a real estate investment. There are lots of great properties on the market, but it is important to choose the one that meets your specific needs. To make the best choice, do not work under the assumption that the written listing or the seller will have all the details you need. Do not trust the seller's disclosure form as having every detail or that it will highlight every issue you may run into along the way. Asking the right questions to your real estate agent before you sign those final purchase papers is important.
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https://i0.wp.com/www.symonhe.com/wp-content/uploads/2019/04/landlord-liability.png?fit=1920%2C1080&ssl=1 1080 1920 Symon https://www.symonhe.com/wp-content/uploads/2019/01/syhe-14-300x64.png Symon2019-05-08 08:11:032019-05-03 19:54:23How to limit liability risk as a landlord
Owning and operating a rental property has many benefits, but it's not without risks. As an owner of a rental property with tenants and guests going in and out of the premises, it's possible for tenants and guests to injure themselves,…