Passive income is money that you earn without having to do a lot of "active" work to keep it. In essence, you can do the majority of the work upfront and put in some extra effort along the way to earn money.
It is like you “making money while you sleep." Putting your money to work for you is a good way to increase your income and do the things you love to do in the future without the need to work harder. It is a good way of building a financial independence in the future so you may retire from your work early and enjoy the life you always want to after retirement.
There have been more ways to earn more money passively and these are my personal passive income streams that I currently doing and currently paying me passive income. These has been my side hustle or about four (4) years since 2019.
For better understanding about passive income please click this link https://www.investopedia.com/terms/p/passiveincome.asp
I am a breadwinner and so the urge to be financially independent is my utmost priority while I am still young and able to do it. I believe that monetary amount today is dropping quickly so saving money from your salary may be hard and may not be possible especially because of the high increase in inflation and demand of money.
Another reason for me to do these is because of the "Emergency Crises" and "Bodily Crises" as what COVID '19 taught us to be be really prepare for any emergencies be it personal or planetary and so with bodily crises that we are not immune to diseases, accidents and deaths that anytime we can get disease or be sick no matter how healthy and strong we are. We are humans and we are mortal beings.
Hope you this site will help you build a passive income also. I will do a vlog about these so subscribe to my channel to be updated.
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Thank you very much!
GET PAID TO CLICK
GET PAID FOR SMALL TASKS
EARN PASSIVE MONEY BY UPLOADING AND SHARING VIDEOS ONLINE
EARN PASSIVE MONEY BY UPLOADING AND SHARING PHOTOS ONLINE
EARN PASSIVE MONEY BY WALKING OR RUNNING
EARN PASSIVE MONEY BY USING INTERNET OR MOBILE DATA
EARN PASSIVE MONEY BY INVESTING IN STOCKS, SAVINGS AND USING DIGITAL WALLETS
EARN PASSIVE MONEY BY READING NEWS
EARN PASSIVE MONEY BY WATCHING / UPLOADING VIDEOS
EARN PASSIVE MONEY BY ANSWERING SURVEYS
EARN PASSIVE MONEY BY ADVERTISING, PROMOTING OR BUYING BRANDS (AFFILIATE MARKETING)
EARN PASSIVE MONEY BY FREELANCING OR PROMOTING YOUR SKILLS AND TALENTS
GET PAID TO BE A FRIEND