Quote from: Genemind on March 15, 2020, 09:49:20 AM

Quote from: Broly46 on March 07, 2020, 12:32:06 AM

Quote from: Twinkledoe on March 06, 2020, 11:31:48 PM

Quote from: harizen on March 06, 2020, 11:23:22 PM

Quote from: Broly46 on March 06, 2020, 03:09:03 PM

...then you should start investing and start generating your passive income that can give you stream of cash flow every months without working,..

Easier been said than done.

People already know this and some are already working on it. However, it's not that simple and people can just start right away as we are living in different life standards. And even some already owned an investment, working will not stop there. They still have to manage it along the way.

Investment is not a joke and to start it just to hope for a literal passive income isn't a good idea for me. People should invest to have a stable and regular source of income and not to rely on passive ones. Of course, it needs works but it's happy to work on something that we owned that generates a regular and good revenue. The effort and time spent is worth it.

You are right, easier said than done. Also, passive income most of the time ended up not really passive as along the way, it stops for no reason. I don't believe in passive income as there are so many factors that will contribute to sustain its lifespan. And if one factor is not working, the chain would be derailed and goodbye to passive income that you are waiting for. And in terms of investment, not all people are lucky with this area. It takes a lot of experience and skill to get positive results from this.

You cant quit your job, you cant work for your entire life, you need to invest eventually, its now or never.

Investing still needs good capital and in order to have a passive income and that's one of the reasons why we have to strive to work while we're still young. We can't invest now and quite our job instantly because there are still things that we have to consider. Using our savings as an investment is another strategy for us to have a good start but we're always advised to invest what we could afford to lose. Enough knowledge and time to pursue passive income is also necessary because investment alone wouldn't work on its own without effort.

In my opinion, investing is in a big part about mindset and a bit about money, you can have all the entire nation wealths but still you would make a very bad investing decision, Im talking to 401k here. With a willing to help mindset on you, and a little capital you can make a totally world of change, Im talking about Steve Jobs who get into bankruptcy all the time while still become the founder of the world most highly valuable publicly traded company, because Steve Jobs are a small part greedy for money and a big part mindset trying to help the people, Steve Jobs are greedy too but not to the point of heartless and looking for wealth in killing people.