Passive Income

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Having additional revenue streams might hasten your journey toward financial independence, even though your day job may be the most crucial source of money.

Income that can be generated with little to no work is known as passive income. Active income, which is money earned via a job or business enterprise requiring active engagement, is the opposite of passive income.


Passive income rarely consists entirely of unattended activities; rather, it frequently needs monitoring and upkeep. There are many different types of passive income, some of which require more work up front while others require more money. But setting up a recurring income source can help you accelerate your financial goals.


It might be very beneficial to augment your normal income from your day work with some additional passive income.

Investment in income stocks, rental property, cryptocurrencies, affiliate marketing, renting out your car, peer-to-peer lending, and renting out your spare room or entire house on Airbnb, gaming, YouTubing, and starting a monetized blog are some of the simplest, most accessible ways to generate passive income.


Do you have multiple streams of passive income?


😍#ilikeitalot!😍


Gold and Silver Stacking is not for everyone.
Do your own research!

If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!


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@silversaver888

I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.
All photos, gif, and video were taken by me with my iPhone, unless specified.

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I post an article daily. I feature precious metals every other day, and on other days I post article of general interest. Follow me in my journey to save in silver and gold.

@silversaver888

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85 comments
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It is great to have sources of income , one should not rely too much on a single source of income , having multiple source of income is the best..

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 137 of my contest just started...you can now check the winners of the previous week!
13

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Pretty much just the one. Its not good, but its what I got. I don't count Hive activity as income since it all stays here and its not enough to cover a single bill.

Would love to create another one, but my primary job take so many hours there are not any left without giving up family. !LUV !PIZZA

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(Edited)

🍕 PIZZA !

I gifted $PIZZA slices here:
@silversaver888(1/5) tipped @djbravo (x1)
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Send $PIZZA tips in Discord via tip.cc!

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Passive income is the next step to financial freedom after becoming debt-free @silversaver888 !😊 Building income streams, definitely requires monitoring, things can change quickly.
I continuously look for new and better income streams, in my opinion, one of the best ways to achieve good ROI!😇😊

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I am conservative, @silvertop. Yet I have other sources of income, and they do help!
!PIMP

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Absolutely @silversaver888 , I am very conservative as well I think that's the best way to invest!😇

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One of the worst mistakes I have made when life stuff happens has been neglecting my side gigs because having multiple streams of income comes in handy when there is economic turbulence and layoffs.

This is what I wrote about today and why I created HiveWP, so people can get more than just one week of rewards from what they already write on Hive and get an affiliate or ad income forever.

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Right again, SILVER SAVER - @silversaver888. The value, of a little Precious Metal, is going to go a long way, in the near future.

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Passive income is fantastic especially because it is cumulative and if you develop it correctly it can create a snowball effect. In addition, they are not usually correlated with the main income, thus giving more resistance to your income. If you lose your job, you have a support to hold on to in those difficult times.

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Because it builds up over time and, with proper development, has the potential to snowball, passive income is excellent. Additionally, they are frequently unrelated to the primary source of income.
!invest_vote

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Do you have multiple streams of passive income?

Yes. Hive Power, Hive Dollar (HBD) savings, staked SPS, SWAP.HIVE:SPS liquidity position, and automatic Splinterlands card leasing (rental income).

Currently I have very little amount in these, but I am trying to regularly/consistently build them in order to get out of poverty in long term. I invest my active earnings from the Hive blockchain (the author rewards on posts and on comments), and I also reinvest the interest.

Happy New Year.

Have a nice day. All the best. Greetings and much love from Hungary.

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I agree, great advice! Economic instability makes this a must, especially with this years outlook. Keep on stacking up the precious metals!
!LUV

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I'm building multiple sources of income, but none is real passive. Real estate requires work, and sometimes gives a blow to the cashstack due to some unexpected events.

Do you have multiple sources of income?

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Hahaha, passive income does take work!
Yes, I have passive income in the form of rental property. I have this blog, from which I realized the actual USD income of $2,500 for the first-time last year. I have a YouTube channel, and that takes a lot of work. BTW, follow me at Silver Saver on YouTube. I have one P2P. Not to mention investments in income stocks, Fundrise, and high-yield savings. The last three are the only ones that do not require my participation.
!invest-vote
!LOL

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You have something. Youtube can be passive after a while, that is for sure. I'm one of your 4870+ subscribers.

The blog in here can turn to passive if earnings are used for passive income, like HBD with 20% anual return.

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Oh my God, Weed Outlet Center Ms. Saver @silversaver888

!LOLZ

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!LOL

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Passive income is a great way to earn extra. I make a few dollars daily, it's excellent to be able to supplement income apart from wages !

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Excellent, @olympicdragon. It's possible to make extra money by having passive income. You can earn a few bucks every day, which is great if you want to supplement your money in addition to your salary!
!LOL

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We like the way you play the game! !PGM
Thanks for being a supporter of The LOLZ Project.

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(Edited)

The easiest passive income is loading up on HBD and put them into a Hive Savings account, an 20% APR that you just can't pass up!
In my analog off-line world you know that I have a new and improved Rental suite with Kitchen, bath and two bedroom rented out for a tidy monthly income.

Always, with love 🤗🌺❤️
!LADY
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Woot, woot! Loading up on HBD and depositing them in a Hive Savings account, which offers a 20% APR, is the easiest passive income option. indeed!
Rental income is likewise lucrative.
We are both are lucky!
Hugs and kisses, sis 🤗
!LADY 🥰🌺🤙

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As it is happening inflation day by day, even running a household with one income has become very difficult. At least a person should have two or three means of earning money. A person should have a physical business. Another should be an online business. A person should also learn to trade. Even then man can live a good life.

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Ms. Saver @silversaver888
I hope you are Prepped Honey..........
image.png
Virtually the entirety of Northern and Central California is under flood watches and high-wind warnings, with damaging gusts to 60 mph possible. Strong to severe thunderstorms could be in the offing as well, in addition to 2 to 4 inches of rain in the lowlands and more in the mountains. In the highest terrain, the heavy rain will transition to up to 2 to 4 feet of heavy snow. Along the coast, beaches will be battered by large waves and areas of coastal flooding.

!LUV

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Thanks for including some nice links in this post! I am sure there are lots who can benefit from the sources. You are terrific, sis! Much love!🤗😘💕🌸 !LADY

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Some people may want to read on those topics further, which is why I included them. Some will ignore it. Some will still poo poo this article. I just write in just the same for the others who will appreciate it.
Hugs and kisses, sis 🤗
!LADY 🥰❤️🤙

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Very well said.i think if it's wise to diversity with investments it should be so too for income

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right now I am really interested in dividend paying blue chip stocks. Been jumping on good opportunities that pay over 6% yield in dividends lol

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Microsoft, Apple, Amazon, and Visa are among the companies in which I have invested for a long time now. These stocks have a high yield these days despite the bear market. I am rather conservative and tend not to play the market.
Good luck finding the right combination. Have you tried the Blue Chip Growth Funds?

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I am still working on building passive income (to the state i want it), but it takes also a bit of time and one should also not rush it
!LADY

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