Why Do We Need Passive Income?

Bisolami

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Having a passive income is beneficial, especially at this time. We have no idea what will happen today, tomorrow, or the next day. It is critical to have money on hand at all times.
And I think the best passive income one could ever think of now is blogging. A lot of people engage in it and they make a lot of money
 
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nomad

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You will have to stop working sone day because of old age or health concerns, therefore, your active income will cease to exist. That's why you need passive income to generate money to maintain your life
 

astutimeliana723

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Why do we need passive income? Because to meet the needs and desires in the future. Usually for reasons of old age or health problems that make a person unable to actively work anymore, but he still has passive income.
 

cherry123

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Passive income will be needed when on stop working. our active income will cease to exist some day and you would have to rely on passive income to generate money
 

cherry123

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Yeah financial freedom is through passive income sources. we all need to have financial freedom and how to make money passively it will help us to create wealth at ease
 

Bisolami

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You will have to stop working sone day because of old age or health concerns, therefore, your active income will cease to exist. That's why you need passive income to generate money to maintain your life
The fact that we need to stop working someday because we are going to grow old should motivate us to have a passive income
 

nomad

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I think a lot of people are already aware of the importance of having passive income, however, most of people lack the skills to create passive income. They also lack investment funds.
 

Chibson

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Almost everyone love the idea of making money even when they are sleeping. So the idea of passive income is really very important. You don't need to actively work before you earn.
 

Bisolami

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I think a lot of people are already aware of the importance of having passive income, however, most of people lack the skills to create passive income. They also lack investment funds.
Some people lack the skills of how to create passive income and some people do not have enough capital to start it
 

nomad

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Even though you can build passive income through investment, not all investments will be fruitful. Even if you try less risky investments like real estate, you need a lot of money.
 

Springtime

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To me, passive income is an additional income. I can take the time to do other work to earn more, or enjoy life when I retire. It is always great to have multiple sources of income.
 

riberet19

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we need passive income if we want to improve our personal finances and if we want or aspire to have financial freedom at some point in our lives, that is its importance.
 

cherry123

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The knowledge of us growing old together should motivate us to have a passive income. We can't be active forever so we need our money to work for us too
 

Bango

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Well, time and experience teach us that we are not always young and we don't always have enough energy, and most importantly, many things happen in life and you must be ready for all situations. We all need an passive income
 
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