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?

Teaching Kids About Stocks In Investment {With Printable}

What are stocks? Let’s say you really like McDonald’s and you want to be one of the many owners of The McDonald’s Corporation, you buy their stock MCD from the New York Stock Exchange (NYSE). Remember how you received a certificate when you graduated from kindergarten, which was proof you finished all your lessons?  Well, when you buy stock from McDonald’s, they give you what … Continue reading Teaching Kids About Stocks In Investment {With Printable}

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