Speaking from personal experience adding passive income streams to your portfolio can help you increase your earnings and accelerate your financial goals in tremendous ways for example you can use passive income streams to help you get out of debt or achieve financial independence sooner. 3 ways to increase your passive income posted on july 25 2017 by your investment advisor it is good for you when you have a well paid job and your salary is big enough to provide with wealth living however spending all your funds on current needs is a bad idea a better idea is to make savings. Another great way to increase your income is to build multiple passive income streams most of these are a result of a blog website or youtube channel that you set up online it takes time and a lot of effort to begin earning real money you should focus on a niche that you really enjoy researching about or do something more general. Passive income is where you get paid over and over again for work that you did once i now have multiple income streams that are passive many of which are included below passive income ideas by choosing the right sources of passive income you can invest your time the way that you want to it is a way of buying back more time. If you want to add a little excitement to your passive income investing meet lending club the web based peer to peer lending platform where investors looking for high interest opportunities provide the funds for loans you can earn interest rates in excess of 10 percent a year about 10 times what you will earn on more conventional interest bearing investments
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