A passive income means you won't struggle enough to produce money but an income that could give you financial freedom when you retire. Let's not forget that once we retire our earnings and health decline but once you have a source of your passive income you will never feel insecure. In my case my source of a passive income is from the rent of my inherited property a one hectare coconut farm. Apart from that I also have a decent job and milk tea selling business.
Do you have source of passive income?
- Thread starter Starmix
- Start date
It is not for everyone few people can enjoy passive income while the big majority needs to work hard to collect the money and this is to resume all. Old people on a domain could have source of passive income.
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- #8
It's true not all could have a passive income especially this time our economy is sinking. The first priority of the head of the family is good. Though it's in their mind to invest but the capital needed is hard to reach in order to acquire source for a passive income.
Family is primordial before any kind of investment, everything that is a money-related issue could come after. This is the first point.
The second point some people could have a source of passive income but it is a small minority of online money earners.
Family should be the first priority and this is why people should priorities them. However, when people do not generate passive income, their relationship may get bad with their family members. This is why generating passive income is very necessary nowadays.
How old is your blog?I have six blog and one free forum which is hosted for free but only one is approved by AdSense so I have a massive income am still looking for adnetwork to monetize some of my blog
I am trying my best to have some passive income through some application, the earnings are not that big but already a good addition to my monthly earnings. Having a passive income nowadays is very important especially that I am experiencing some financial crisis.
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- #14
We will be at ease and at peace of we have a passive income because money is not anymore a problem especially if your passive income is space rent. What you will do is only to collect their monthly rent. You can also save.
I have several sources of passive income, counting articles I write, a YouTube channel, crypto staking, and stock dividends, it is important to diversify your passive income, in case one fails that you continue to have the others.
Earning 2 percent of your trading amount or even investment can be considered a decent strategy, however, there is no guarantee. Building your own project is a better approach for making passive income.
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- #19
My passive income this time derives from my property rent. I have a milk tea business but it cannot be called a passive income, it may fail in some years when there are many competitors side by side in the mall.
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I am fairly new to stock investing so I do not consider it as a passive income as of this moment but I hope it will be in the future.
