Why passive Income is required to become rich ?
Many a times no matter how much money you earn from your regular Job may not be sufficient to achieve your goals, desires and dreams. You need an extra source of Income to get the wants met and what better way to use the same skill which you use in your regular job to earn some extra money as passive Income after your working hours are over.
Can Passive Income make you rich?
The answer is Yes. Passive Income can make you rich in the long term as you are not trading your time each day to earn those extra bugs. Just imagine if this extra amount of money is Invested systematically and properly in a mutual fund or good stocks. You will start generating returns and when compounded over a period of time it can make you very rich.
How can passive Income make you rich?
As I have already explained you that when you start making passive Income you are not trading your time, the efforts once put is generating Income for you and if this income is invested properly, it can create wonders for you in the long run. So anything that adds to my portfolio is definitely a Yes for me.