Does Passive Income Guarantee Financial Freedom?

[Golden9]

Passive Income is indeed one of the fastest ways to ensure you don't have to work for money all the time. You get to relax, or do a bit of work once the initial tasks are done and enjoy your returns.

One of the best passive income sources I'm eyeing right now is Amazon Kindle Publishing. It's hard, but it's worth it.

 

[riberet19]

Man, if we have enough money invested in places that offer passive income or we have enough passive income from different places, we could say yes, for example, dividends, real estate income, passive income from active businesses, cryptocurrency staking...

 

[Magnus2022]

Passive income can guarantee financial freedom depending on how you manage and invest your capital. Passive income like real estate, bonds, stocks, staking can be rewarding.

 

[relcap23]

Passive income results from amount Invested. If you have big investment and guarantees good returns you can have financial freedom. If your passive income is. from online activities may not be that big unless you're a celebrity blogger or endorser with millions of followers.

 

[Shortie]

Passive income is definitely something that you can make to guarantee your financial freedom but it's about finding what you are able to do and manage that will eventually become passive income. It's not something that will come over night and it's something that will take a lot of work but for sure once you hit it right you could set yourself up to be financially stable for life.

 

[LoukiaCharilaou]

Yes, I believe that passive income can guarantee financial freedom provided that you have good returns.

 

[Shavkat]

It will make my life comfortable. I wish I could find a site that passive income will be offered. If you find a legit site that can do this goal, please do share it.

 

[Bisolami]

Passive Income is indeed one of the fastest ways to ensure you don't have to work for money all the time. You get to relax, or do a bit of work once the initial tasks are done and enjoy your returns.

One of the best passive income sources I'm eyeing right now is Amazon Kindle Publishing. It's hard, but it's worth it.

Passive income is one of the best ways on which someone can gain financial freedom. That is why a lot of people engage in them.

 

[Springtime]

That depends on how much passive income you get. If you have passive income from investment on stocks, mutual funds, bonds and rental properties, you gain financial freedom. However, if your passive income is just from interests earned from a saving account, you need to find a full time job online or offline to gain financial freedom.

 

[cherry123]

Yesh to a large extent it does when you have a good passive income . it will always give you the financial freedom you want because you would make money off it.

 

[nomad]

Passive income can generate financial freedom only when you are able to earn a lot of money through your passive income sources. For a lot of people generating passive income as a full time income is not possible

 

[Chibson]

Yes, if you have not started making passive income then you have not achieved financial freedom. You need to diversify to so many passive income sources to achieve that.

 

[uptrendfinancialsignal]

Some passive income can can guarantee financial freedom and wealth creation.

 

[Chibson]

Yeah, it depends on the kind of passive income you are making. If you invest in rental properties for example It can give you a lot of passive income which will make you financially free.

 

[jetsaints30]

While passive income can certainly contribute to financial freedom, its not a guarantee lets remember that passive income sources still require some level of effort and investment to establish and maintain.

 

[Chibson]

some passive income sources are not sustainable so they may not guarantee financial freedom. But there are some that can guarantee financial freedom. It depends on The venture.

 

[relcap23]

Passive income may not be that big as what is earned doing active income activities. Example income from rental of property mat come out as lucrative but once you maintain the property by doing repairs the income may just be sufficient.

 

[Yohanna]

Passive income does not guarantee financial freedom.

 

[eldavis]

Personally i do not think so, you could be earning passive income and still be pretty broke. I believe it depends on the amount you get or the amount that flows in as your passive income and how consistent it flows.

 

[Reedex]

It is very correct that passive income generate a very good income source.