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Podcast: Dev Raga Personal Finance
Episode: 216 active vs passive income
Description: Using active income to invest in assets which generate a passive income is a common strategy when working towards becoming financially independent. In this episode Dev unpacks:👉🏾 what is income👉🏿 assessable income vs taxable income (Check out episodes 094 to 099 on tax deductions)👉🏻active income and the pros and cons of it👉 types of passive income and the pros and cons👉🏼 maximising your income per unit time👉🏽 and a listener question: tips for reviewing and negotiating insurance policiesNote: The stock portfolio expense deduction used in the example was incorrect. It should be $1,250 not $12,500. You can ch...