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Generally, passive income is the money you earn when you don't work for it every time (but only once); it comes from a notable number of income sources, such as opening an online store, rental properties, or affiliate marketing that you have set up (and are now running on autopilot).
About the benefits of earning passive income - First, it helps to achieve financial independence individually. If you have sufficiently passive income coming smoothly, you can successfully end the hustle of making money with a 9-5 job schedule.
The process of earning passive money provides us the leverage to utilize time, such as movie-watching, sleeping, or spending time with family and friends.
Second, passive income helps you to protect yourself from financial setbacks. If you lose your job or have other unexpected expenses, your passive income can help you stay afloat financially.
Third, passive income can assure your future security & peace of mind. The feeling of having a buffer of a steady stream of income coming in, even if you're not working, can be exceptionally pleasing.
If you're interested in starting to earn passive income, there are a few things you need to do. First, you need to come up with a plan. What kind of passive income do you want to generate? How much money do you want to earn? Once you have a plan, you can start taking steps to make it a reality.
About the benefits of earning passive income - First, it helps to achieve financial independence individually. If you have sufficiently passive income coming smoothly, you can successfully end the hustle of making money with a 9-5 job schedule.
The process of earning passive money provides us the leverage to utilize time, such as movie-watching, sleeping, or spending time with family and friends.
Second, passive income helps you to protect yourself from financial setbacks. If you lose your job or have other unexpected expenses, your passive income can help you stay afloat financially.
Third, passive income can assure your future security & peace of mind. The feeling of having a buffer of a steady stream of income coming in, even if you're not working, can be exceptionally pleasing.
If you're interested in starting to earn passive income, there are a few things you need to do. First, you need to come up with a plan. What kind of passive income do you want to generate? How much money do you want to earn? Once you have a plan, you can start taking steps to make it a reality.
