Why Do You Need a Passive Income

[Nomad]

Passive income means you make money without ongoing work. It can come from something you have worked in a past, for in stance royalties from your book, earnings from a blog or youtube, etc. or it can come from investment, dividends for instance. You need passive income for multiple reasons. For example, you won’t always be able to work, so having passive income streams ensures stability during retirement or illness. Also, active income is rarely enough to build fortune, so when you have passive income, you might be able to by property.

 

[Augusta]

Passive income is the foundation of financial freedom because it allows you to earn money without being tied to a job or business that requires constant effort.