Why Do We Need Passive Income?

[Bisolami]

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

 

[flower]

Every entrepreneur should be striving towards establishing a passive income ideas.

 

[Hate2Wait]

With passive income we don't need to keep working all the time and can relax and will still earn from that time like earning rent income

 

[nomad]

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]

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]

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

 

[Hate2Wait]

We need to have financial freedom and the best way to achieve financial freedom is through passive income sources

 

[cherry123]

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]

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]

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]

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]

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]

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.

 

[uptrendfinancialsignal]

It is very important to create passive income in order to achieve success.

 

[Springtime]

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.

 

[uptrendfinancialsignal]

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.

Is true that you can keep the passive income rolling and you can do some other things as well along the line.

 

[Yohanna]

We need passive income for financial sustainability.

 

[riberet19]

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]

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]

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