How to protect your passive income

[SHAHID987]

Protection of passive income can be done by reinvesting it in same business by doing this way, it will be protected plus it will started giving much big money passively.

 

[Chibson]

One of the best ways of protecting your passive income is upgrading every single day. You need to identify trends and follow them accordingly in order to continue to generate money.

 

[uptrendfinancialsignal]

I make investments in stocks, bonds and mutual funds I have a diversified portfolio. I have stocks in HK, USA and UK. My mutual funds include investments in some emerging markets. This strategy enables me to earn a more stable passive income.

It is important to note that you can protect a passive income through consistency.

 

[Chibson]

It is important to note that you can protect a passive income through consistency.

Consistency is very important to protect passiveincome. You also need to try as much as possible to open other sources of income.

 

[Reedex]

Consistency is very important to protect passiveincome. You also need to try as much as possible to open other sources of income.

Protecting your passive income is a very good attribute that must be imbibed.

 

[Yohanna]

Protecting your passive income is a very good attribute that must be imbibed.

Protecting your passive income is what must be done and it is very important to do it.

 

[flower]

Protecting your passive income is what must be done and it is very important to do it.

It is true that you must try to protect your passive income source because it is a way that generate money for yourself.

 

[gammarays]

It's one thing to have a passive income source and another to keep it profitable always. It's good to always take stocks and be updated. If it's a rental property, its good to always maintain it and keep it in good shape always.

 

[Suba]

If you are going to protect passive income by managing the right investment instruments, then you must be able to determine what your investment goals are for, buying a car, house or retirement fund, short term or long term, you also need to determine the level of risk that suits your profile etc.

 

[cherry123]

One thing is to have your passive income another is to maintain it. Another good way is to have a low cost of living ito avoid squadering the money to protect your passive income.

 

[Suba]

One thing is to have your passive income another is to maintain it. Another good way is to have a low cost of living ito avoid squadering the money to protect your passive income.

So maybe you mean, to protect the passive income that we have we must not live extravagantly, keep the cost of living low, so that we have excess money to save.

 

[cherry123]

Sure you got the point that's what I mean, it is good to have or more importantly to protect the passive income that we have. You don't have to be extravagant with the money

 

[fcbetting]

This is biggest problem of staking programs. Often those go in air and you are scammed. Especially when they lock down your assests and you can't unlock it even with penalty fee.

 

[AruneBend]

Yup having passive income is not an easy task you need to invest a lot of time to even come close to passive income so it's very important to regularly check how things are going

 

[flower]

Yup having passive income is not an easy task you need to invest a lot of time to even come close to passive income so it's very important to regularly check how things are going

It is good to create a passive income source for yourself and it's a great way to make decent money as well.

 

[Chibson]

Being very much innovative is one of the ways to protect your passive income. You need to try as much as possible to follow trends and adapts to changes accordingly.

 

[Shortie]

Once you start making a passive income and it is steady and you are able to sit back whilst it continues, the only thing you need to really worry about then is being careful with how you spend the money you get from a passive income so that you do not end up without any money at all.

Passive income is great as long as you treat it as you would any other kind of income.

 

[eldavis]

If you want to protect your Passive income, the best thing would be for you to properly understand what it is you are going into first, cause the truth of the matter is that you cannot protect what you do not fully understand.

 

[cherry123]

You need to spend wisely . making a passive income is easy but saving the money is the difficult part Just be careful with how you spend the money you have

 

[Blessed19]

actually you are right in what you just said as it is very important and very good 412 diversify their means of passive income as it is not necessary for one to always depend on a particular source as their passive source of income.