The Importance of Passive Income for the Future

[Suba]

Financial freedom has always been everyone's dream, but if we only have active income either from trading or working it might take a very long time to achieve financial freedom. So one of the roles of passive income is to help you achieve the desired financial condition.Even though passive income is not as big as your main income, if you do it continuously it will really help improve your financial condition. Passive income is often interpreted as income without having to work or only working a little, especially during free time. So do you think it's important to have passive income?

 

[eldavis]

Personally u believe there is no true financial freedom without having passive income. Right now one of my major goal is to achieve passive income snd grow it from there .

 

[Rubz]

I think it's important to earn passive income and that passive income is important for the future because it could help one in times of need and emergency unlike active income that one is not too sure about.

 

[timewo]

Older citizens find it extremely difficult to get paid work online and offline , so it is important to have some passive income to pay for daily expenses and for some financial emergencies.

 

[Springtime]

I agree that it is important to have passive income. We cannot work to earn active income all lifelong. When we get old or are retired, having passive income ensures that we can live a quality life after retirement.

 

[Magnus2022]

The importance of passive income can never be overestimated. Passive income helps us to achieve financial freedom easy and without stressing ourselves out. A lot of people are working themselves to stupor just to make ends meet.

 

[AruneBend]

passive income is truly great I really love to earn money with doing very little work it's very good it helps you to generate stable income and helps to save too

 

[jezebell]

Passive income is important because it helps us grow our savings and funds while we are still earning and producing income. Passive income becomes even more important on our retirement and during periods when we are unable to work or do business.

 

[Bisolami]

I think it's important to earn passive income and that passive income is important for the future because it could help one in times of need and emergency unlike active income that one is not too sure about.

Passive income can help you to build wealth as you can use the money for something that you can even use to build another passive income. That is what I am planning to do

 

[Rubz]

Passive income can help you to build wealth as you can use the money for something that you can even use to build another passive income. That is what I am planning to do

That is actually a nice idea. I have never really thought about it that way. Passive income is very important because it could help to build wealth and it could serve as savings for future use.

 

[Authenticity101]

Yes, passive income is very important. It makes you financially stable and free. Instead of spending all your earnings from active income, you better learn to invest them spend what you earn from the investment. That keeps you so stable, you won't live from paycheck to paycheck.

 

[riberet19]

building passive income is not easy and it takes a lot of time and continuous investment, there are many ways to get passive income, through dividends, crypto staking, lending, apartment rentals, and many more, the question is to find those that you can afford and How much risk are you willing to run for the fact of earning returns with passive income.

 

[nomad]

For a lot of people, active income will help them only with paying bills, if they want to build wealth and buy properties, they will require to have passive income sources.