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.

 

[Min George]

When you have a passive income, you can use your active income for everyday survival expenses while you invest the passive income. That investment capital made easy.

 

[Springtime]

Having passive income is important. When you are not feeling well or even cannot work, you can still get income without taking a loan.

 

[neku]

it has become very difficult to have any passive online income sources online, since some of the largest internet companies are openly involved in financial fraud on some domain investors since 2010.

 

[King Belieal]

it has become very difficult to have any passive online income sources online, since some of the largest internet companies are openly involved in financial fraud on some domain investors since 2010.

Passive income must not be online. In fact, from my observations, online passive income doesn't always generate significant income