Do you focus more on active income or passive income? As far as I am concerned, I do not limit myself to either active or passive income and I try to pursue both. Balancing active and passive income streams provides financial stability and freedom. While active income sustains your current needs, passive income builds wealth for the future. Use your active income to save and invest, creating avenues for passive income, such as dividends from stock investments.
What Do You Prioritize on: Active Income or Passive Income
- Thread starter nomad
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I think passive income is every thing related to crypto mining like honey gain or jumpt task if I am not wrong where you let the software working on background while you are doing your daily activity for example.
For me right now l am prioritizing on the active means of income. This is because it's being easy to be paid after reaching the minimum payment threshold on the active income than it is on the passive way of income.
I think both are important. I work hard to earn money, and at the same time, I make investments such as buying dividend paying stocks to get passive income.
You would need to have a good balance of active income and passive income to be able to financially free. I focus to build on both passive income and active income.
I tend to focus more on my active income as that is what I need for my expenses. I also need it to earn money that I can use to invest. So I do most in my active income while working on building passive income streams.
When one says active income it points towards a job one handles and that has limits as age becomes a factor. Passive income has not limits and one should plan such that it continues
