How to Generate Passive Income While Working for Active Income Streams

[Nomad]

Even though you can maintain your life with active income having passive income provides financial stability. If your job pays well you should not only focus on paying expenses but also use it to build emergency savings, retirement saving and also investment funds. When you put your savings in high yield saving account, you earn passive income, and if you invest, your asset will grow.

 

[Springtime]

While working hard to earn active income. you can invest in stocks and mutual funds. Buying stocks enable you to get dividends which is a good source of passive income. You can also put your money into a fixed deposit account to earn interests.

 

[Kera]

You can find capital investment to put your money in while still on an active income. Some agro investments can give you passive income.

 

[Augusta]

One of such is through investing in shares, stocks, mutual funds etc. You would make more money this way

 

[Stardom22]

In my opinion l can say that is possible when one can really spend the money earned on the active means of earning to investment programs that could really generate more and more interests or profits.

 

[Augusta]

it is to do tasks linked to your job and also earn with relatively minimal efforts from a business without much active participation

 

[eLdavis]

My goal for this year is to have some passive income that would help generate extra cash while i am actively working on other projects.