Passive income is earned from leveraging existing systems such as franchising, while portfolio income is earned from investments like bonds and stocks - bought with savings from active or passive income. Passive income is vital in supplementing other sources and creating wealth. Many such sources have the potential to become full-time activities.
With the increasing joblessness though, how would you find it to make an income just through consumption? Well, Pillar Technologies Ltd is enabling people to do just that. The firm has created a platform where thousands of Kenyans are now making money whenever they consume airtime - a commodity that has evolved into 'basic' in the Kenyan context - through multi-level marketing.
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