There are some people who are having more than one sources of passively earning money and thee are those who have nothing to count as a means of earning money passively due to one thing or the other and they get to fix all the expenses that they make on the main income which I turn makes them go down a lot of the time.
How many passive income should one be having.
- Thread starter Blessed19
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Like how much do you have to earn from sites to be able to consider them a passive source of your earning from it and make it as a passive source of your income due to the fact that it still gives you some considerable amount of money.
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Sure thing is one should be able to do what will get to generate money for them which would make them to become more financially independent and also hell others around them a lot more than they can.
I just early $5 a month or less sometimes so I don't consider it a passive source of income. It's just like a bonus for me that I get to interact with the people on different sites.
Number of passive income does not have any meant but the quality of the passive income should be good, lets suppose I have my one website and it is on its peak I will earn much more from there, so I will focus on maintaining its quality.
Passive income varies depending on the individuals age. Most young people have almost no passive income, they mainly have their salary income. In contrast senior citizens have mostly passive income, they find it difficult to get work.
They should actually be no limits to it as long as you are capable of handling everything because that is the major thing. It will not be nice for you to have so many businesses that you cannot handle
You are very right because we need to know if you will still be able to cater to your responsibility when you go for the passive income or not. These are the things that should be considered before you do anything
If you manage to build a passive income, you might be able to become rich just from one passive income stream. The main question is how you are doing it and what you are actually doing.
Maybe the more the merrier. LOL. Having one or two passive income streams is good as long as they provide money to help you to save or cover your expenses. In the future, I'd like to own a rental property or start a YouTube channel. I know the latter will be difficult because there are so many well-known YouTubers out there.
