What's the difference between semi-passive and fully passive income sources?

[Desireu30b]

What's the difference between semi-passive and fully passive income sources?
The English word is the problem right?
Now, let me tell you,
Semi-passive income sources involve a moderate level of ongoing involvement after the initial setup, like managing a rental property. Fully passive income sources require minimal or no ongoing effort, such as royalties from a book sale. While both provide income with less direct involvement than a traditional job, the degree of required activity differentiates them, influencing the time and energy you need to invest.

have you learnt something today?
#DESIRE

 

[Bisolami]

I have learnt something which means that I don't have to work so much to earn semi passive income but I don't even need to work at all to earn a full passive income

 

[Desireu30b]

NO @Bisolami please read again one requires much efforts and set ups while the other requires less efforts and set ups.
you will always have to do something if you want something to happen

 

[Bisolami]

NO @Bisolami please read again one requires much efforts and set ups while the other requires less efforts and set ups.
you will always have to do something if you want something to happen

I think we are talking about the same thing but my approach was different from yours. But you've got a point about the differences between making money from royalties and rent of properties

 

[Rubz]

Honestly, I really do not know the difference between semi passive and fully passive income sources. Before now, i used to think there was only passive and active income sources.

 

[freelancermaria]

Blogging, dividend stocks, and affiliate marketing are examples of semi-passive income streams. Meanwhile, royalties and real estate crowdfunding are two examples of fully passive income. I tried blogging before and it helped me make more than $500 every month.

 

[nomad]

If you invest in a property or pu list a book and generate income, those are fully passive income as you do not have to do anything. However, if you are running a business, you might have to work on it.

 

[Ratine]

The passive incomes could be very useful for the well being of the businesses growth and sustainability at large

 

[Sawe]

You have given a very good explanation on the difference between semi passive and fully passive income sources. It truly depends on how much you are involved in the efforts of making the money. But they are both really good ways of staying financially healthy and building wealth.

 

[King Belieal]

A business is never a passive income source. Anyone that wants to run a business as passive income would not go far with it.

 

[AruneBend]

Passive income is everybody's dream getting money without putting a lot of effort but it's very hard to reach that point and you also need to be smart

 

[Sawe]

A business is never a passive income source. Anyone that wants to run a business as passive income would not go far with it.

That is right, every business requires you to run it actively. Therefore, it can never be passive income, it is an active income source.