Money is necessary for building blocks of happiness and having a sense of security while living in this world; you cannot renounce everything and live in the forest. A certain amount of money is needed for everyone to have access to the basic necessities of life such as food, shelter, clothing, transportation. It is true that money cannot buy happiness but having a passive source of income that provides little extra disposable income can add the enjoyment of your life.
Passive income is a source of income that needs little effort to make money. Passive income provides freedom in terms of time and financial security not only to do things that make you happy but to build strong relationships with near and dear ones to increase your happiness manifold. So if you want freedom in the real sense to enjoy life, you need to create self-sustaining passive income.
Passive income does not mean earning money without work. Often it takes up-front hard work with no immediate gain to create systems that allow you to earn passive income. Unlike active income that offers short-term rewards, passive income creates self-sustaining rewards. However, passive source of income gives you luxury of time once it starts generating income, but it still required some sort of time from your end for its maintenance and growth. So, it is not wise to expect passive income completely passive.
There are many sources of passive income, some of them are:
Creating a source of passive income is important; the best source is just a choice. It is not possible for anyone to make everything the best source of passive income. Some people prefer blogging the best source of passive income while some other try their luck in network marketing, and some other people feel confident in other sources of passive income. So choose the source of passive income best suitable to your skills, expertise, investment capability, time, convenience and dedicate your undivided attention to convert it into the self-sustaining source of passive income. It is your capability that creates the best source of passive income for you not the source in itself.
To conclude, the sense of financial security always rests on you. Regular jobs provide incomes in proportion to your time are no longer secure, and it takes a lot of effort to sustain. Most of the people stuck in 9 to 5 jobs because they think they are not cut out for creating passive source of income. It takes little bit effort to take the first step, and you will find a way out to create a great source of passive income for yourself. So, do dare to create a source of passive income best suitable to your talents and resources to enjoy life.
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