I know a lot of the people in this site might be taking it as a full time or main stream of income while others are seeing it as a pass time kind of site which they use it as a passive way of earning despite doing a hobby they like which is reading and writing for it is exactly what happens right here. There are times that passive incomes or works get to pay even more than the main job or income.
Does passive income pay well enough?
- Thread starter Blessed19
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There are two types of first passive income where you have to invest to make passive income such as stocks, bonds, property, crypto etc. secondly, you can also work freelance which people consider as passive income, such as writing, completing site surveys, etc.
I think that passive income pays well depending on the level of investments of resources in that passive income stream. If you build a big house for rent, the passive income to be returned would be huge.
For me I don't consider posting on a paid to post forum as way of earning passive income. This is simply because the ptp involves a very active work for you to do to be paid. Unlike passive income whereby you earn while sleeping.
Some investors depends on passive income as means of livelihood. You can earn enough from passive income if you invest a lot. If you invest peanuts, you will receive peanuts. It simple depends on how much you invest.
It really does depend on what you are doing to generate a passive income as to whether it will pay well enough for you to live off or whether you would need to do more to earn more as well as make a passive income.
Some people are able to make a passive income that makes them financially stable and not have to worry about working for money whereas others may earn a small amount passively and may need to still make more by doing work away from their passive income.
Some people are able to make a passive income that makes them financially stable and not have to worry about working for money whereas others may earn a small amount passively and may need to still make more by doing work away from their passive income.
Yeah right, I totally agree with you. Passive income depends on how much investment we make, and how we manage these investments so that we continue to make money. Because passive income doesn't mean we really don't work at all to get it, we still need to monitor and manage it so we can produce effectively.
- Thread starter
- #16
Sure I have had this discussion with a group of friends that are thinking we are having idea time in what to do in order to get out it the broke stereotype which is being put on us as we are not having a job to do at the moment though applying to different health institutions.
Gaining access to the information is very critical and important tool to make passive income.
It is very necessary to gain access to information that would help you create a passive income ideas.
That depends on the source of your passive income. For me, I get dividends from the stocks I buy. That is passive income, but the amount of money is just enough for me to pay some bills. However, for writers, if their books are published and sell sell, they receive a decent amount of royalties.