Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Make Money Online
Passive Income
Youth perspective to making money as against passive income
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mastergp, post: 293109, member: 85422"] [HEADING=2][/HEADING] As a young person, there are many ways to make money and build financial stability. Some people focus on building passive income streams, which are income sources that require minimal ongoing effort to maintain. Examples of passive income include investments in rental properties, dividends from stocks or mutual funds, or revenue generated from a business that is run on autopilot, such as an e-commerce store. On the other hand, some young people may prefer to focus on actively earning money through employment or by starting and running their own business. This can provide the opportunity to learn new skills, take on challenges, and build valuable experience that can lead to career advancement and financial success. Ultimately, the best approach will depend on your individual goals, skills, and interests. It's important to carefully consider the pros and cons of each option and determine what works best for you. Here are a few additional things to consider when deciding between actively earning money and building passive income: [LIST] [*]Time: Building passive income streams can take time and may require a significant upfront investment. Actively earning money, on the other hand, can provide a more immediate source of income. [*]Risk: Passive income streams are typically considered to be less risky than starting and running a business, as they are not reliant on the success of a single venture. However, there is always some level of risk involved in investing and building passive income streams. [*]Control: With passive income, you have less control over the income-generating process, as you are relying on external factors such as the performance of your investments or the success of your business. Actively earning money, on the other hand, gives you more control over your income, as you can directly affect the amount you earn through your efforts and performance. [*]Flexibility: Passive income streams can provide a more flexible income source, as they do not require the same level of time and effort as actively earning money. This can allow you to pursue other interests or take on additional projects. [/LIST] It's also worth noting that it is possible to combine both approaches, by actively earning money while also building passive income streams. This can provide a diverse and stable financial foundation. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
Passive Income
Youth perspective to making money as against passive income
Top