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. 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. Passive income might take some work money and maintenance but if you plant passive income seeds to suit your climate aka your personal preferences and skills you can bring in quite a harvest make money with money. 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 . Passive income on the other hand is income that does not require your direct involvement rental properties royalties on an invention or creative work and network marketing are common examples
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