Is having a lot of passive income the easy solution to financial freedom?

riberet19

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Creating passive income is not easy, but if you manage to create recurring and reliable passive income it can be of great help to improve and boost your financial situation, for example accumulating dividends from companies can be in the long term a simile of wealth, it all depends on which companies you choose as well, do you think that passive income is the most reliable vehicle to financial freedom?

 

Starmix

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I believe that having a multiple passive income can lead us to financial freedom. When we retire it's the money to work for us.

 

Shavkat

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I think it is obvious that we can be more relaxed when we have passive income. It will alleviate the financial burden.

 

Starmix

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When we have a passive we're stressed free. We have the confidence and peace of mind and heart.

 

eldavis

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Having passive income will definitely lead to financial freedom, but it is not as easy as people make it seem like.

 

Starmix

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It is not easy to build a passive income. You have to build it for years unless start at a young age.

 

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Bisolami

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• #7

riberet19 said:

Creating passive income is not easy, but if you manage to create recurring and reliable passive income it can be of great help to improve and boost your financial situation, for example accumulating dividends from companies can be in the long term a simile of wealth, it all depends on which companies you choose as well, do you think that passive income is the most reliable vehicle to financial freedom?

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Honestly, if you have a lot of passive income, it can lead you to financial freedom for life as long as the passive income is consistent and very sure

 

Starmix

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I am so sure of that, having multiple passive income is a fortune. One will live in financial freedom. It's money to work for the lucky one.

 

nomad

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Having multiple passive income source and making enough money to pay your bills through passive income ensures financial freedom

 

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Bisolami

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nomad said:

Having multiple passive income source and making enough money to pay your bills through passive income ensures financial freedom

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Yeah you are right and the person will even be able to save up some money since he has enough ways to earn so that’s the best

 

cherry123

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Yeah sure.if you have different passive income you would not only have money you would be making money even while you are sleeping

 

fcbetting

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It is and I am trying build as many I can. All posible soultions are from cryptoworld. But for real financial freedom you must have good investement to. You can't do it with 100$. It must be at least 10 000$ for start.

 

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Fidelia

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While a huge portfolio of passive income can be helpful, I would say that it is not the best approach for financial freedom as it would fail because of a lack of active income to augment it.

 

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Stardom22

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The availability of the passive income provides a gateway for the financial solutions.

 

Ofonime

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Lets say the truth having multiple financial source is very good because you can fall back to one of the other fail you

 

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Stardom22

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For me l can say that they are very helpful. The passive income ways can give a person the peace of mind

 

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King Belieal

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You would need to have a good blend of passive and residual income to get close to financial freedom. Passive income is not enough.

 

freelancermaria

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Yes, having several passive income streams can be of help in achieving financial freedom. However, it is not a walk in the park.

 

Hate2Wait

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Having a passive income source does helps a lot and if you can manage 3-4 such sources that can provide income without failure then you can certainly enjoy financial freedom

 

Starmix

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• #20

Even in not so many passive income as long as the finances are well managed like rental building.