Increasing your assets There are two main types of assets: active income and passive income

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A good way to increase your assets is by balancing these two ways of making money:

Active income
It is directly proportional to the time invested in work. In panama phone data other words: the more you work, the more you earn.

For example: freelancer.

Advantages:
Brings short-term returns
The risks are lower
Disadvantages
Does not allow scaling (human limitation)
You stopped working, you stopped receiving money
Passive income:
It requires some initial work to set up and then generates profits indefinitely.

For example: selling online courses (you will have work planning the classes, recording, editing, promoting and selling), but once it is on the internet it will bring you income for the rest of your life.

Advantages:
Allows you to scale
Brings financial independence
Disadvantages
The return is seen in the long term
It involves taking more risks
*In finance, financial independence is when you have your money working for you. In other words, if you were to stop working, the returns on your investments would be able to pay your living expenses for the entire month.