Probably, when you are working hard it is important you are in the right business. Because there are some businesses that does not have the ability to set your financially free even if you work hard.
Why passive income is so important
- Thread starter Johnson2468
- Start date
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Yes, that's right. It is significant to choose the right business so that it is profitable for you.
Probably, profitability of a business in the long run is one thing that must be put into consideration. There is no need wasting your time on something that is not profitable.
Passive income is so important because it means even when you are sleeping, spending time with friends and family, or taking a break on a family vacation you will always be earning something. It's something that once you are able to achieve the passive income you know you will be solid and financially stable, the hard work is getting that passive income coming in first.
Passive income is very important, for reasons that a person cannot always be active at work such as health problems or aging, so passive income is needed to meet future needs and desires.
I agree with you. There is no point in wasting your time on things that are not profitable for you.
In my view passive income is very important as through this income we get somewhat more money as compared to some active work like we are working in PTP sites, and we are earning somewhat fixed amount from here, but if our earning is coming passively then it could be more than this money.
That's true. Passive earnings can be much more than active earnings.
Yeah, sometimes passive income is not fixed and that is what makes it better than active income. If you're earning as a blogger for example the amount of money you make every month passively is not fixed.
Exactly. Passive income is so important because we will not be always young, strong and healthy in order to work and make money.
Yes, it is true. Passive income is wonderful because you earn money without getting tired or making any special effort. It makes your life easier and more comfortable.
This is the major reason people must try to have passive income. You may not always be young to earn actively.
I agree with you, Chibson. We must make sure that we will have some money to survive when we will not be able to work.
Passive income is very important and it is one of the ways that which you can make money effortlessly.
That's true. Isn't it wonderful to make money without making an effort or while sleeping?
Yeah, that is why investing in the right ventures in this present time is important. We must try to invest in landed properties because they are the sureest way to make passive income.
I agree with you. I think that landed properties are the best type of investment. We could invest there.
Probably, anyone that wants to transfer generational wealth should always try as much as possible to have those kind of investment. It lasts for generations.
This is a very good point and a great advantage of this investment. It can last for generations.
