Is Passive Income Just A Fluff? How easy it is to create passive income inside our life so that we need not depend on our active income anymore? In all honesty, it takes time and its own not easy but it’s possible if we take one step at a time.
Many years back, while I first got to know the concept of financial freedom and creating passive income, I used to be inspired and motivated to achieve it. However, after a while, reality sets in and I realize it’s much less simple as it seems. There are some lessons that I learnt through the years that I thought will be good to talk about in this article. Is Passive Income Just A Fluff? Passive income is money gained even though we are not focusing on it while active income is money gained through exchanging it with time. Most of us have careers to make money for our day to day living.
We use time to switch it with money. Each day It might be 8 hours or 10 hours. While passive income requires time to build, the right time spent is not fixed to certain hours and more often than not, the time spent to generate passive income should be much lesser than active income. Passive income can come from dividends from stocks, rental income from property, online marketing etc. I’ve seen people who actually have more than enough aggressive income to maintain their lifestyle without depending on their active … Read more