Quote from: Renampun on July 13, 2024, 09:14:37 PM

Quote from: DeathAngel on June 04, 2024, 12:18:57 PM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

That's right, however, passive income (apart from active income) must be had by everyone nowadays, the reason is quite simple, we don't know what will happen in our future, when we can't make money work while we sleep, it's difficult for us to do it enjoy a relaxed and comfortable old age, when we are old our bodies are no longer able to work hard so passive income is really needed to encourage us to do other productive things while enjoying the passive income.

Talking about passive income, everyone has thoughts in that direction. However, the problem is when they don't know what they have to do to make this happen, because before we can get passive income like that, we definitely have to work hard first and we will probably experience a lot of failure.
Maybe for people who have adequate capital it will be easier to get it, but for people who are financially deficient it will be more difficult. The reason is that before they think about doing anything that will lead in that direction, they must be busy thinking about how they can continue to fulfill their daily needs.
However, when they have a way to get there, it will be easier because they can be more creative in developing what they think to be more productive.