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Passive Income
When Passive Income Replace Active Income?
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[QUOTE="Ganibade, post: 336462, member: 50186"] It's crucial to create a sound plan and allow it time to replace your active income with a sustainable passive stream. A strong passive income that can support your lifestyle usually takes five years to establish. Earning passive income takes commitment and discipline; it's not a magic bullet. Here are some important things to think about: Patience and Consistency: Building passive income takes time and effort; it does not happen quickly. Diversification: To reduce risk and increase profits, distribute your investments throughout a number of channels. Investment and Time: In order to create passive income, both time and money investments are needed. Channel Selection: Based on your abilities, passions, and financial objectives, select the best passive income streams. [/QUOTE]
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When Passive Income Replace Active Income?
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