Why You Need Passive Income?
- Thread starter Suba
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It is true that we need to gain passive income so that we can earn more.
When I think of a passive income, I think of having financial stability and not having to worry about money anymore or how I was going to live when things like costs rise and things become difficult.
As much as it can take a while to earn a passive income, finally being able to and seeing how much better you feel with a passive income is worth it.
As much as it can take a while to earn a passive income, finally being able to and seeing how much better you feel with a passive income is worth it.
You are correct because a passive income source would always earn you substantial amount of money effortlessly.
Passive income serve as a means of making money even if you don't do much work over time
Extra money never hurts. And everyone wants to have few sources of earnings for a better financial situation and stability. Also, they might come useful in case you loose your main job or have some financial obligations suddenly coming up
The importance of having passive income cannot be overemphasized and it is very crucial to have it.
You would need a passive income to generate decent amount of money for yourself.
Yes, passive income can help you a lot in your old age because you may not be able to do active work then. It is one of the major reasons people need to create passive income.
Yes, also really the more passive money you accumulate that means proportionally less work time that you must do daily, passive money and compound interest is what can make you earn a lot of money.
Definitely, if you have good passive income sources then you will probably do less work which is golden. Every individual needs to build passive income for themselves.
With that we will feel more confident too as we can earn more in less time
There are many ways to earn passive money but they need great investment, sometimes capital other times time, I use capital to get passive income, since I need time to work and get more capital.
I had a lot of capital when I was 15 but I invested it all in PTC websites and lost it. At that time earning money through PTC was popular but it is really a bad idea. But I miss those days. I was very hopeful and active. At night, I was working on 10 PTC websites at the same time and I wanted more
Well then it's time to the comeback, maybe you only ran into websites that were a scam, your mistake surely was not to manage capital and risk well, you were only 15 and just a teenager. maybe now you would do it differently, you always have to diversify and have protected most of the funds and risk only a part which try to grow, which if you lose that, it does not commit you.I had a lot of capital when I was 15 but I invested it all in PTC websites and lost it. At that time earning money through PTC was popular but it is really a bad idea. But I miss those days. I was very hopeful and active. At night, I was working on 10 PTC websites at the same time and I wanted more
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