explain why you might not want to have passive income as your only source of income.
explain why you might not want to have passive income as your only source of income.
Answer
Brief Explanations:
Passive income sources can be volatile due to market - changes, economic downturns, or technological disruptions. For example, rental properties may face vacancies, and stocks may underperform. Relying solely on it lacks the stability of active income from a job or business operations. Also, passive income streams may take time to build up and may not initially provide sufficient funds for all financial needs.
Answer:
Passive income can be volatile and may not be sufficient initially.