Passive income is generally income earned by investors, they don't need to work all day long, but only with a little work, for example you deposit money in the bank and get interest. or buy shares and will get dividends, rent from residential houses etc. There are also experts who define passive income as side income, namely by working during free time apart from the main job. Of course everyone has reasons why they need passive income and what about you?
Why You Need Passive Income?
- Thread starter Suba
- Start date
Passive income is actually the best thing that can happen to anybody. With passive income, you can afford to concentrate your energy on other things of life. Passive income will hel a person live a stress free life without unnecessary hitches.
Passive income is everyone dream, without doing anything you still get the money. Before that, you need to work hard to make sure you will reach that level of passive income.
Like i buy stocks every month (i always buy the good company) and hoping one day i will get benefit from it.
Again, passive income is the main goal, the reason why we works so hard and enjoy our retirement with that passive income money.
Don't we all need this, it is good as this will help everyone to earn money without being active.
Passive income is a type of income that does not require active work or effort to generate. It is often seen as a great way to generate income without having to invest a lot of time or energy. Passive income can take many forms, including rental income, dividends, interest, royalties, and so on. It can be generated from a variety of sources, such as investments, real estate, business activities, and so on.
The main benefit of having passive income is that it can provide a steady stream of income even when you are not actively working. This can help to supplement your regular income and can be used to cover expenses, save for the future, or even to fund a desired lifestyle. Passive income can also act as a financial cushion if your regular income is disrupted or cut off.
Having passive income can also help to create financial security and freedom. This is especially helpful if you want to retire early or if you want to pursue a passion project. With passive income, you can also maintain a steady level of income even if the market is volatile or if there is an economic downturn.
Overall, passive income can be an excellent way to generate income and create financial security. It can provide the flexibility to pursue different goals and
The main benefit of having passive income is that it can provide a steady stream of income even when you are not actively working. This can help to supplement your regular income and can be used to cover expenses, save for the future, or even to fund a desired lifestyle. Passive income can also act as a financial cushion if your regular income is disrupted or cut off.
Having passive income can also help to create financial security and freedom. This is especially helpful if you want to retire early or if you want to pursue a passion project. With passive income, you can also maintain a steady level of income even if the market is volatile or if there is an economic downturn.
Overall, passive income can be an excellent way to generate income and create financial security. It can provide the flexibility to pursue different goals and
Passive income is really necessary in order to make extra money
You need passive income to make money even while you are sleeping it is an avenue that will continue to generate money for you no matter what.
Having a passive income allows you to earn more money and work whenever and wherever you want. You can pack your belongings and relocate to a new city or country of your choice. I'd like to be able to earn a passive income in the future. One of them is having a YouTube channel.
Probably, the importance of having a passive stream of income cannot be underestimated. You can make money anywhere and at any time.