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explain why you might not want to have passive income as your only source of income. pdf – explain w

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Relying solely on passive income as your only source of income may not be ideal for several reasons. Firstly, passive income streams can be unpredictable and may not always be consistent. This can lead to financial instability and uncertainty, especially if the source of passive income suddenly dries up. Additionally, passive income typically requires an initial investment of time, money, or resources to set up, which may not always be feasible for everyone. Moreover, depending solely on passive income may limit your potential for earning and growth, as it may not provide the same level of financial security and opportunities as having multiple sources of income. Diversifying your income streams can help mitigate risks and provide a more stable financial foundation in the long run.

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