Generating passive income has not only become an option, but it has actually become a necessity as well. The fact of the matter remains that it is necessary because it is impossible to deal with inflation until or unless you tend to generate more than enough money. "Passive income" could be a subjective term. many people may generate some money and they may say that they generate passive income. So, much passive income do you generate?
How Much Passive Income Do You Generate?
- Thread starter Passiveearner
- Start date
Frankly speaking for now I don't have any source of passive income that I can earn an something from. However I have planned to make one from a monetized blog website on a marketable niche like on the entertainment industry.
About 30-40 percent of my income comes through passive income methods. However, sometimes it is difficult to say if the income is passive or active. For instance, I make money as an Etsy seller, it can be between passive and active.
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- #8
So, do you have a job? I mean a real job? There are many people who have a job and they make money online. However, they do not make a lots of money through this way. Passive income also involves investing money as well.
Yes, when it comes to passive income, if you really want to make a good amount of money, you need to invest. Like over here some people like to define passive income as your money doing the work for you, and it kind of makes sense. Cause after you have invested, you do not need to do anything else.
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- #13
There are many people in here who generate tons of money. However, their expenses are also quite huge as well. This makes it harder for them to save money because they live a luxurious life.
Well I do not know the exact amount I generate in passive money, since for example I have benefits from cryptocurrency staking, some dividends from companies in which I have invested, also a youtube channel that leaves me returns and I would also have to count the profits of my referrals.
Generating passive income is a way of life right as just one source of income which is the active one is not enough these days to sustain a man and his family altogether, though at the moment I am generating only a small portion of passive income from crypto currency but would soon expand it.
- Thread starter
- #16
I think that passive income is a kind of income that makes you rich. Passive income helps you make enough money in order to make you able to save a lots of money, even after dealing with extra expenditures. This is how I define this term in a really broader way.
I do take it seriously in that I try to earn as much as I can every day to make it more fun. I don't keep track of how much, except that I sell enough of the Bitcoin I earn to give me $100 USD for Fun Money each month and leave the rest on deposit to earn Daily Compound Interest every day.
exactly, i have seen a lot of persons who want to make huge amount of money, but find it hard to even invest. They expect to invest peanut and cash out a water melon. It does not work that way.