Passive income is becoming more popular by the day. However, many people still do not understand how beneficial it is. Believe it or not, making money in your sleep is not the biggest benefit. This book outlines more important reasons why everyone should seek a passive income stream or be in the process of creating one. I also offer semi passive startegies.
Planning for retirement should not be a huge headache—unless you think that you can only prepare for retirement by saving. If a sudden change in your life or the economy happens, your savings may not be very helpful in retirement. It is no secret that savings are just not enough. You will have unexpected expenses especially in your old age and you are likely to underestimate the amount you should save. People are living longer nowadays but that should not mean they want to work more years. A passive income stream means that you will have constant cash flow. You will be getting an amount of money regularly, unlike with savings. It will be like getting a paycheck without actively working.
