Why You Need Passive Income

Hello Everyone,

Since the start of the year it has been my desire to have a passive source of income so has to improve my finances and reduce reliance on paycheck and so far I have been able to achieve it to an extent by putting certain things in place.

Passive income is a type of income earned with little or no work done. It is vital and one of the most discussed element of personal finances. Having atleast one could have a great difference on your current financial situation. The more you have, the easier it because to achieve other of your goals.

After some studies of wealthy people, I have come to discover that they have multiple streams when it comes to passive income. They all didn't generate them in day but over years. We must have similar mindset as they do if we want to shift from our current predicament.

Here on Hive there are certain means to generate passive income for yourself from HBD savings, delegating Hive to certain accounts for daily rewards. Personally speaking my finances has taken a great turn ever since I started keying into this opportunities.

The importance of a passive income cannot be overstated. It helps to improve your stability financially, reliance on a paycheck and lots more. So far I have been able to tap into HBD savings, liquidity pools farming with CubFinance and PolyCub DeFi. Hoping to add more to the list before the year comes to an end.

Thanks for Reading

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