Do you think passive income is better than active income? Many of us keep on discussing about passive and active income but you might have not thought about which one is best for you. Others prefer both to have a passive income and an active income. But never have you thought that the more you invest in passive income, the higher your annual earnings will be. If this happens, you might change your mindset to prefer an active income than passive. Eventually, your investment might outshine your active income and then you will realize that you will be financially dependent if prioritize your passive income . What do you think?
Is passive income better than active income?
- Thread starter Starmix
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Passive income is definitely better than active income, because the person does not have to spend time to make money and has more free time, a better lifestyle. There are some risks, and some people with passive income are targeted for identity theft.
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- #3
I definitely agree, we own our passive income, so we have to protect it especially if decide to work full-time on it. An active income makes us stagnant unless the income is very good so there is not need to prefer the passive. Have the passive as always the backup alternative in case arrive earning fails.
For me I say that passive income is better than the active income. This is simply because for the passive income there's no actively participating on the doing of the job. This can give time for other earning options too.
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- #5
That's right we're also the boss of our own, no dictator to keep on barking at us. Passive income yields good return during the right timing. We can become financially stable after few years.
If you look at it from this angle which is in passive income you don't have to do any serious work but you will gain profit but your main source of income you have to work hard to get the money which means passive income is better.
In my opinion, if passive income is greater than active income, of course passive income will be better, because we also don't have to work hard, from morning to evening. But the most difficult factor is how we can build passive income.
The thing right there is what you have just stayed which is the building of the passive income that would make us see the active income as not being better than it is where there is a big problem.
Did you know that many people out there don't have passive income and don't even have savings, even though they have a large income, it will be very difficult for them to save and invest. their income or salary always runs out at the end of the month, many even have debts.
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- #10
It is not good to rely only on through our salary.Our salary has many deductions and the net is not enough for you and your family. It is best to have a side hustle and much better if build a passive income where you'll just wait and see for the profit at the end of the term.
I believe that passive income is better than active income. Actually, passive income is a dream for most people and for me as well because you earn money without getting tired or while sleeping. Of course, you must work hard in the beginning in order to enjoy passive earnings in the end.
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- #14
I agree with that, but I consider my milk tea business a passive income for I gain thousands in a week. Though I receive a big salary a month, but I am saving a lot to live on financial freedom.
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My passive income earns profit without me assisting with it like my Mutual Fund. and my insurance. I long to have a building have it rented. It could be a lucrative passive income.
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I believe that passive income is preferable to active income because the former allows us to save money and pay some of our expenses. In the future, I'd like to buy a rental home.
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- #17
Agree, a passive income is like living on interest an living in financial freedom. We need to create a passive income to back up our daily needs a salary from our work cannot suffice.
For all intents and purposes, passive income is superior to active income. Adopting a passive income strategy affords a person the convenience of not having to be engrossed in work so as to make money. Such person can thus enjoy a high quality of life.
