Why I Love Passive Income

April 26th, 2008

Everyone needs passive income. Passive income provides people with true financial independence. Even if you’re lucky enough to earn a respectable $15,000 per month from your job, but if the income drys up the minute you quit your job, it’s just no good. Ordinarily, your expenses will typically increase to suck up all your available income.

So losing a job often creates a large portion of stress rather quickly. However, But if you’re obtaining $3,000 every month from
diverse passive income streams, your minimum needs of groceries and housing are covered and you won’t become destitute if you get fired from your day job. So my near term goal is to make this $3,000 from different passive income sources. In the long term , my desire is to create about $15,000 every month in passive income so I can pursue my passions without worrying, or working, or worrying about working!. At the current time I’m creating about 90% of my desired $3,000 per month aim and I’m pretty confident I’ll be able to reach my target within the next several months. When that happens, that will be real financial Independence!

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