The still leaves behind some credits into your bank

The main difference between active and passive income lies in thefinancial freedom passive income offers over active income. What is the importance of PassiveIncome?#1 Passive Income gives you theFreedom of Time: Time is the greatest wealth one can possess.

Time is invaluable. Our own existence is measured in terms of time. We grew upin time, lives in time and perishes in time. As for the saying goes “Time andTide waits for none”, unless you are an aspiring scientist who dreams to devisea time machine. If are then comment below, I wouldn’t want to lose sucha golden opportunity to relive all my best moments in life.  So time is utterly precious. In a life of 9 to5 rat race, you won’t be getting much quality time to spend on your passion orwith your family and friendly. But with a multiple passive income sources youbecome financially free to do your will.

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This can ease you at work and provide ampleamount of time at your disposal.This is the power of passiveincome.#2 Passive Income providesstability and steady financial growth in life:                Weare living in ever changing world. Here the most uncertain are likely tohappen. With the rapid growth in technological field and tremendoustransformation in world markets; loss of job, high inflation, huge marketdepression are quite unpredictable.

Security in job and stability in life havebecome invaluable assets in current scenario.Just imagine for a while, everymonth some random stranger pays for all your bills, your child education andstill leaves behind some credits into your bank balance with the payment youearned from the active income source. Whoa! Just imagining this sends a chilldown my spine. This could be a crucial crunchy point in your life, won’t it be?Yes, this is what actuallyhappens it everyone who adapts to the evolutionary way of earning passiveincome. Once financial independency and stability comes to play, then it’s justa matter of time for you to envision exponential growth in life.So, now if you are all geared upmentally to be millionaire or even a billionaire then here are the top 10 waysto generate passive income.