That's is so true! By diversifying revenue sources and building a more solid financial foundation, passive income streams can offer financial freedom and stability. It gives people the ability to consistently make money even when they are not employed, giving them more time and freedom to follow other hobbies or objectives. Individuals can eventually attain true riches and financial freedom by consistently creating and expanding passive income streams. Hoping someday i can have different passive income so i can have freedom financially.
Passive income will definitely make you rich, but depending on your passive income, it will make you poor. That is just the fact that when you want to become rich, your investment, which you will definitely make as passive income, should be out of your budget. What I mean is that any profit gotten from them should be used to get another investment that will make you gather as much as you want, but when you depend on them, you will definitely stay poor, so even though you have a lot of passive income, you should still work, not depend on them, and live with those profits.
Because if you still work under someone, you will still see the value of money, but when you decide to stay unemployed due to your investment, that is when you will start growing more proud and start living an expensive lifestyle. From there, you have already embarked on a road to poverty, and that is all we are trying to avoid, even though we know that passive income paved more ways to financial freedom, but when you use it wrong, you will still have to suffer for it.