Speaking from personal experience adding passive income streams to your portfolio can help you increase your earnings and accelerate your financial goals in tremendous ways for example you can use passive income streams to help you get out of debt or achieve financial independence sooner. 3 ways to increase your passive income posted on july 25 2017 by your investment advisor it is good for you when you have a well paid job and your salary is big enough to provide with wealth living however spending all your funds on current needs is a bad idea a better idea is to make savings. Passive income on the other hand is income that does not require your direct involvement some kinds of passive income you may be familiar with include owning rental property royalties on an invention or creative work and network marketing. Passive income is a good way to get onto the road to financial freedom some money making avenues require more work than others but the return on your time and minimal investment can pay off for . However over time as your passive income begins to increase your reliance on an active income plummets thats when the real magic starts to happen for most people that means an exit from the
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