Lesson 4 Quiz: Income

What are the two types of income?

• Passive Income

• Relaxed Income

• Active Income

• Energetic Income

What defines an active income?

• Income from stocks

• Income from a job

• Income from volunteering

• I couldn't think of another answer option

Which of these does NOT count as earned from an active income?

• Salary

• Commissions

• Tips

• Dividends

True or False: Your passive income fuels your active income at the beginning.

• True

• False

What is a passive income?

• Tips

• Income earned with minimal effort

• Why don't YOU tell me what that is?

• Income from a job

True or False: Your passive income should cover your expenses.

• True

• False

Which of these is NOT a form of passive income?

• Stocks

• Dividends

• Bonds

• Commissions

How long is the "sweet spot" for working?

• 20 years

• 18 years

• 40 years

• Until retirement

Bonus Question:

True or False: It's better to start saving and investing in your 40s.

• True

• False