What are the benefits of passive income?
An example of an AI chatbot conversation about the benefits of earning passive income.
What are the benefits of passive income?
Passive income allows you to earn money with minimal effort, providing financial freedom and security.
Can you give me some examples of passive income streams?
Sure! Examples include rental income, dividends from stocks, and earnings from a blog or online course.
How does passive income contribute to financial independence?
It creates a steady cash flow that can cover living expenses, reducing reliance on a traditional job.
Are there any risks associated with passive income?
Yes, risks include market fluctuations, property management issues, and the need for initial investment.
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