The world is evolving every day and things keep changing, even earnings too have to face these changes. Are you a young individual, even if you are older, and still struggle with your finances after so much time and effort spent, you struggle from paycheck to paycheck, and still you can't meet up with your needs, it's time to rethink an additional side hustle, you might think you don't have enough time because of the job you are currently occupied with, that is where today's main focus comes in. Have you heard of "PASSIVE INCOME" ?

PASSIVE INCOME is the earning you get from a business or investment that does not necessarily take your time, presence, or much maintenance. It generates income on a steady on its own after you invest in it, in fact, you still earn while sleeping.

All business owners desire fir their business to make profit and grow, the reason why they put so much of their time and effort, what if you still have something that doesn't take much of your time, presence, or even effort, it gives you more time to go on that vacation, improve on that career you've always desired to. In my opinion, everyone should have such a form of income.

More insight into this type of income might be receiving rent for a property you acquired, or dividend for an investment or share, sales of an online book you wrote or a tutorial video you made, and a lot more, there are so many ways to earn passively.

What is the importance of passive income

• FINANCIAL STABILITY
  when you earn passively in addition to your regular earnings, your income grows which makes it possible for you to meet up with some of the basic needs you struggled to keep up with in the past.

• GIVES TIME

Since you don't have to be always physically present to monitor your business, you have enough time to improve in other skills while earning, also spending quality time with your family is achievable, and you also don't have to put an end to your social life just because you want to focus on your business as a lot of us do.

• NO MORE RELYING ON PAYCHECK

Relying on paycheck to paycheck can be so frustrating at times because it might not be enough to sustain your needs, a lot of monthly salary earners, are already in a lot of debt before the next paycheck, simply because it is not enough to sustain their bills, and they can't even think of spending outside the box of if just normal basic needs and wants, vacation is impossible to them. But when you earn passively in addition, you don't have to worry about staying in debt, your paycheck might even go towards savings as you have your passive income sustaining you.

• LOCATION IS NOT A PROBLEM

A lot of us have been restricted to a particular location for a long time due to our business, when you earn passively, you don't have to worry about location, you can travel around the world and still steadily get paid, is this not what we humans mostly desire? Restriction can make us lose huge opportunities, all that is changing now when you earn passively.

• Retire Early

No one enjoys still working tirelessly with so much energy at an older age, having a passive income gives us the chance to retire early, since we would have had the opportunity to save and invest also the income never stops, working in old age is never fun, the stress and all, if you plan to retire early enough, then you need to think of ways you can create a passive means of earning.

If what you desire are comfort, less stress, and more earnings, start thinking of ways to have a passive income, earn while you are sleeping, also have extra income to save in case of emergencies, future opportunities and investments also create a quality time for yourself and family while still earning, after all, life is not supposed to be difficult at all time.

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