Is building a passive income necessary?

[Imran_Noori]

Those who want to become financially independent, it is very necessary to build a passive income because it will help them when other income streams stop working.

Is building a passive income necessary?

 

[Vehli]

It's necessary to have passive income sources as with that you don't need to keep looking for ways to earn and keep your body on line for the whole day

 

[Kane]

Active income can only pay your bills and fund your luxuries. You need passive income to build your wealth, or even build retirement funds.

 

[Niyi]

Passive income can help to secure you against unexpected financial needs. You can sell a house to meet up with emergency medical treatment for a relative.

 

[Iboro]

Passive income helps a person to have more free time. The person can relax knowing that somehow, finances would come in.

 

[Salt]

Yes it's necessary but sadly till now I don't have any passive income source and things are not working or me in this aspect so I need to push harder