‘Active Income’ is earnings out of labor or effort. People engage in thousands vocations and professions to earn active income. Solicitors, doctors, teachers, brokers, potters, goldsmiths are people dedicated to a few examples of vocations.
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The essential characteristics, as well as disadvantages of active income, are:
- Requires the direct involvement of the individual concerned.
- Invariably consumes more than a than one-third of the highly valuable maximum available time resource – 24 hours of a day.
- In case of death or disability of the individual active income stops.
- Most importantly it is not available to a person in the old age when one cannot actively work anymore.
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