Carpon
Valued Contributor
We all know that passive income is gotten without much work or rigorous labour. Therefore I have coined this law as the law of passive income: I must earn without working.
As a business person passive income is very vital why because there are many points when your active income is not sufficient to cater for your needs and wants and you may even be unable to save. But once you are earning passively, this will help as you will have residual income which will be used to cover up for those places your active income could not.
Furthermore, as a passive earner a rule is that you must avoid all sort of stress. I cannot be tagging something a passive income source and then am still working hard for it to bring me dividend; that no longer remains a passive income source. I made it a rule that my passive income is just like a generator. I don't do the energy conversion all I do is start it up and fuel it and then it keeps providing electrical energy in this context, money.
As a business person passive income is very vital why because there are many points when your active income is not sufficient to cater for your needs and wants and you may even be unable to save. But once you are earning passively, this will help as you will have residual income which will be used to cover up for those places your active income could not.
Furthermore, as a passive earner a rule is that you must avoid all sort of stress. I cannot be tagging something a passive income source and then am still working hard for it to bring me dividend; that no longer remains a passive income source. I made it a rule that my passive income is just like a generator. I don't do the energy conversion all I do is start it up and fuel it and then it keeps providing electrical energy in this context, money.
