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Why passive income is important?
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[QUOTE="Abigael, post: 251139, member: 25357"] Passive income is that side income that you get apart from the main income that you get from your main job. It is a very important source of income that everyone is encouraged to have because that is how you end up having a better financial stability. Of which most people are striving for that. The benefits include; [B]1. Passive income enables you to live a comfortable life. [/B]This is because it enables you to afford most of the things that you may need in life. It increases the amount of the money you make hence it ensures that you afford most of the things you need and want. [B]2. It enables you to save money. [/B]People who have a passive income source are better with their savings. This is because they can use their main source of income for paying their bills and save what they get from passive income. [B]3. Passive income makes you save when trouble occurs [/B] [B]with your main job - [/B]when working for someone, you are at risk of getting fired anytime or you may losses interest in it. When this happens, you are less stressed when you have a source of passive income. This is because it will keep sustaining you for a while when looking for another employment. [/QUOTE]
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