Does Passive Income Guarantee Financial Freedom?

[Yohanna]

Passive income could guarantee financial freedom sometimes.

 

[flower]

It's very correct that passive income is a very crucial for everyone and it's a must have income source.

 

[Rubz]

Passive income can guarantee financial freedom depending on the particular passive income source. There are some people who earn from only passive income sources like real estate investments or through rental properties.

 

[SHAHID987]

Yes, UpTo some extent it gives guaranty that you get the financial freedom, but it also depends that how much you are earning through it. If you are using different sources to get passive income then you may get big amount.

 

[freelancermaria]

It can be a tool for financial independence, but it does not ensure it. Financial independence implies being able to survive day-to-day living while also meeting financial goals. That is why it is critical to diversify. Also, keep an eye out for overspending.

 

[Starmix]

It depends on the passive income you have. If it's the source of daily needs it's a no guarantee to live in financial freedom. But if there are many sources of passive income they could guarantee for financial freedom.

 

[eldavis]

It depends on the passive income you have. If it's the source of daily needs it's a no guarantee to live in financial freedom. But if there are many sources of passive income they could guarantee for financial freedom.

That's right, i know of someone back then who is into real estate as a from of passive income. But it was still not enough, most times he would still be begging others and so on. Most times it is how we manage it as well would determine.

 

[timewo]

In some countries there are a large number of high status well connected cheaters trying to rob the identity and savings of professionals who have some passive income, so ending or avoiding the frauds becomes a major problem.

 

[olaniyi]

Truly passive income gives all what you mentioned but you can't have all these on passive income without the support of the main income so passive income can only be passive in presence of main income

 

[IB D]

Passive income can only give you financial freedom if it is combined with an active income source.

 

[King Belieal]

Passive income with no residual income would render you in debts while you are waiting for the passive income source to pay.

 

[Ratine]

The financial freedom is never guaranteed by the any passive income as most people say it.

 

[nomad]

It depends on how much you are generating and how much you need for your expenses. But roughly speaking, passive income helps you with your financial freedom.

 

[Sawe]

Passive income is one of the best ways to build financial freedom. It ensures that you have continuous cash flow hence you never run out of money to satisfy your needs.

 

[Hate2Wait]

In a way yes it's a guarantee because you are earning more without even making an effort for it and together with that you have non passive ways to earn too

 

[Fidelia]

Passive income would help you to be on the right path towards financial freedom. It is easier to achieve financial freedom if you have some passive income sources.

 

[Kerryjoy]

Yes, it majorly depends on how you have invested in it. Large investment brings good and better returns passively than lowly invested projects which will yield low passive income generation.

 

[Kera]

Passive income can make you rich depending on the kind of passive income. People have been using blogging as a passive income to become rich.

 

[Hate2Wait]

In a way yes it guarantees financial freedom because you know you will be earning more and that too passively so you can make finance related decisions as per your choice