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Why passive income is important?
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[QUOTE="Ayuba Ernest, post: 250587, member: 70169"] There are many reasons why passive income is important. One of the most obvious reasons is that it can help you achieve financial independence. When you have passive income coming in, it means you don’t have to rely on a regular job to pay the bills. You can use that extra money to invest in yourself, your business, or just save it for a rainy day. Another reason why passive income is so important is that it gives you more freedom. With regular income, you are always at the mercy of your employer. If they decide to let you go, or if they decide to reduce your salary. One of the obvious reason is that it provides a steady stream of income that doesn’t require active work on your part. This can be incredibly helpful in allowing you to focus on other important things in your life, such as work or family. Passive income also has the potential to grow much more quickly than earned income. While it may be more difficult to start generating passive income at first, once you have it set up, it will continue to grow with very little additional effort on your part. [/QUOTE]
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