Which is a form of passive income?(1 point) Responses owning rental property owning rental property teaching golf teaching golf wages from a part-time job wages from a part-time job trading stocks
owning rental property
Which of the following do you not need to take into account when you retire?(1 point) Responses your monthly expenses your monthly expenses the cost of living in your city and state the cost of living in your city and state how much money you have saved in your retirement fund how much money you have saved in your retirement fund whether your money comes from active or passive income
Whether your money comes from active or passive income
What is the FIRE movement?(1 point) Responses a failed music festival a failed music festival a trend to develop passive income sources to retire early a trend to develop passive income sources to retire early a retirement bank account a retirement bank account a government initiative to provide added benefits to retired citizens
The FIRE movement refers to a trend to develop passive income sources to retire early.
Which percent of Americans chose to go back to work after retiring?(1 point) Responses 10% 10% 20% 20% 30% 30% 40%
What is the average cost of living for a retiree per year?(1 point) Responses around $50,000 around $50,000 around $60,000 around $60,000 around $70,000 around $70,000 around $80,000
The average cost of living for a retiree per year is around $50,000.
To determine which option is a form of passive income, we need to understand what passive income means. Passive income refers to earnings generated with minimal or no effort from the recipient.
Let's analyze the options given:
1. Owning rental property: This can be considered passive income as you can earn rental income without actively working, although some effort may be required for property management.
2. Teaching golf: This is not typically considered passive income since it generally requires active involvement in providing instruction or coaching.
3. Wages from a part-time job: This is not passive income as it relies on actively working and putting in hours to earn wages.
4. Trading stocks: This can potentially be passive income if you adopt a long-term investment strategy, such as investing in dividend-paying stocks or index funds. However, it can also require active monitoring and decision-making, making it less passive than owning rental property.
Based on this analysis, the first option, "owning rental property," is the correct answer as it typically qualifies as a form of passive income.