A Passive Income
Passive income is often described as “making money while you sleep,” but there’s more to it than that.
If it really was that easy, everyone would be counting dollar bills while also counting sheep. If you have enough money, you can buy assets like an Airbnb rental property, cryptocurrency, and stocks that make money on autopilot.
With passive income, you’re not exchanging your time for money like you might do at a 9-to-5 job. Instead, you’re creating or buying an asset that you can sell or generate revenue with, regardless of whether you’re at your desk or on a beach.
Multiple Income Streams
Generating multiple streams of income can have a major impact on your finances. Even an extra income of £500 each month could go a long way to paying down debt or increasing your investments.
We often hear about the importance of diversifying our investments, but diversifying our income streams is just as important, particularly in difficult economic times.
Look to the right and you will find the businesses i have joined, they can be passive or you can share with friends, your choise.
0 Comments