What is Passive Income?

First we need to understand that there are two types of income: active and passive. Active income is money received in compensation for work given. The majority of adults in the working age are earning active income via salary or hourly pay. The moment they stop working, their flow of income stops. Passive income is earnings derived from a rental property, limited partnership or other enterprise … Continue reading What is Passive Income?

14 Board Games About Money {The Complete List}

A great introduction to the world of finance, an especially important subject to learn in today’s economy. Learning doesn’t have to be boring! Cashflow For Kids <– CLICK TO GET IT Suitable for Ages: 7-14 years old What Players Learn: How to make money work for them. They learn about assets and liabilities.     Monopoly Junior <– CLICK TO GET IT Suitable for Ages: 5+ years old What … Continue reading 14 Board Games About Money {The Complete List}

12 Online Business Ideas For Teens

What is the difference between an online business and a lemonade stand? Well, the gap in the customer reach is so huge. When you are online, you can practically reach anyone anywhere in the world that has access to the Internet. Times are changing, so do the ways our teens can make their own money. It’s no longer about mowing lawns for neighbours. Here are … Continue reading 12 Online Business Ideas For Teens