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Why You Should Make Money In Your Sleep (passive Income)? - Investment - Nairaland

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Why You Should Make Money In Your Sleep (passive Income)? by solyk86(m): 6:38pm On Jul 10, 2020
The term” making money in your sleep” is synonymous with “passive income”. Passive income is the answer to financial struggle.
Making money in your sleep does not mean zero work. The theory behind this money-making method is that you put in some effort at the initial stage and then you leave the remaining work for the system- the system does the remaining job for you. It’s a regular form of income that requires little maintenance, and most importantly, this method is not reliant on you inputting your time on a daily or hourly basis. This type of income will generate on its own, which allows you to focus on other areas of your business. This will help you diversify your portfolio and increase your overall cash flow.
Passive income generally won’t make you wealthy overnight but steady, profitable passive income options can build some serious money over the long haul.

Importance of making money in your sleep:

1).Less Stress: Making money in your sleep gives you the time and opportunity to create different streams of income, you’re less likely to get stressed when any one of them dries up.

2).Creation atmosphere for Idea-Generation: Making money in your sleep also gives you control over time. You have the time to think and generate explosive thoughts or ideas. When you are tied down to a job, you can’t have much thinking-time. Passive income liberates a man via creating rooms for idea-generation.

3).Change in Emotion: Some people believe that happiness has nothing to do with MONEY. I won’t argue over this. I remembered a friend of mine who cried for days when he lost his old father- so sad!. When my friend saw that his bank account was credited with $50,000 his attitude changed immediately. Money matters. By developing several passive streams of income, you can increase your chances of enjoying a healthy, balanced lifestyle.

4).Personal Freedom: When you have passive income, you may be able to dump a job you hate doing. If your 9-to-5 is killing you, turn in your resignation and find something you actually enjoy doing. With the extra income, you might even be in a position to take a pay cut in order to land work you truly love.[/center]
source: https:///oyeoz2

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