What is passive income & why is it important?

1
What is passive income why is it important?
2

• 1) What is passive income? Passive income is
  generally defined as the flow of income earned
  with less effort or more effort. Passive income
  is any income that you can earn without much
  effort or time. Hence it is also called passive
  income. Active income is income earned by being
  active, especially a regular job or an additional
  part-time job or business income. Man spends his
  time and a lot of energy to earn active income.
  These are its main sources of income, a direct
  exchange of time and skills for your money.
  Passive income includes the income derived from
  rental assets, limited partnerships, or any other
  industry in which you are not directly involved.
  Usually, passive income is taxable. Generally,
  real estate, peer-to-peer lending, dividend
  stocks, and index funds are considered to be the
  four main sources of passive income. Passive
  income is the extra income for which you get
  regular without extra effort. Weekend Homes, book
  royalties, stock photography royalties are also
  great ways to earn a passive income. This leads
  to more financial well-being. Well-known American
  entrepreneur, investor Warren Buffett says, "Even
  in sleep you must find a way to make money,
  otherwise you will work until you die."
  (BBGV222021)2) One thing To have financial
  well-being in life, you should have at least one
  passive income option or create it. Only then can
  your life become comfortable. Passive income will
  make you look higher than others. Once upon a
  time, an eagle was sitting comfortably on the
  highest branch of a tall tree. He was sitting on
  an eagle tree doing nothing. A rabbit was going
  under that tree. He saw the eagle sitting
  comfortably. He asked the eagle, "Should I sit
  comfortably under this tree too?" The eagle said,
  "Yes, of course!" The rabbit was leaving his work
  and resting comfortably on the ground. Just then
  a fox appeared. He looked at the rabbit. He
  immediately grabbed the rabbit and ate it.

3

• This story teaches a management lesson. If you
  want to live a comfortable life, if you want to
  make money by sitting comfortably, then you have
  to go to a higher position or height. Friends, by
  earning a passive income, you too can earn
  yourself prestige and respect.3) Why is passive
  income important? Money and time are closely
  related. Some even say time is money. Time is the
  most precious thing. Not everyone has plenty of
  time. So we spend a lot of time making money in
  any way. Gone money can be earned again but last
  time does not come again. So time is more
  important than money. Passive income is just as
  important as time. Money is a very important tool
  in bringing good days and good times in life. If
  you have a passive source of income, you can
  become richer and richer. Passive income sources
  have the potential to make more money without
  spending more time and energy. Create a source of
  passive income. You will earn money even in
  sleep. You will get an automatic income without
  any extra effort.However, creating a source of
  passive income is not easy. Initially, you have
  to spend your time and time. Still, this is the
  most profitable investment, in which you can
  invest your money fearlessly.

4

• 4) Do we need help? Do you think you should
  have a source of passive income too? Do you also
  want additional income-generating options?
  Business Coach Prof. Prakash Bhosale will help
  and guide you. Step forward. Contact us for more
  information. Call the following number or
  WhatsApp and make an appointment.Contact Us
•  
• 91 92220 86563
• Contact time - Monday to Saturday.  10.00 am to
  6.00 pm.The one who makes a mistake is a man.
  The man who repeats the same mistake is a fool
  ... The one who learns from other peoples
  mistakes is a wise man ... This is what we call
  gaining wisdom. This series of articles will help
  you get Wisdom.Dear readers, if you like our
  article, please like and comment. We welcome your
  questions and feedback. Prof. Prakash
  BhosaleISBN 978-81-929682-0-12
•