When your passive income equals or slightly above your salary, what would you do

[Wiwo]

I use to fine myself in the same dilemma some time ago where I hard to make a hard decision of letting go of my job and focusing on other things that bring my income and peace of mind, some time our regular job may be high paying and secured,  but the stress and motivation are not there and that drained our zeal and joy for the job.
- some time ago I was caught in-between this cycle of decisions making and thank goodness I choose my happiness rather than money and as long as I have a side hustle that can pay my bills and allow me the time to do other things that make me happy,  I am cool with it.
-It's already 2 year down the line and my side hustle have expanded with new branches I am the manager of myself and life have become more fulfilling for me since then.
-So check and weigh your options, and then make your decision as it best suit your condition.

[fadhilz123]

If passive income is greater than salary then the best thing is to focus on passive income, of course we have to know whether passive income is from business or investment, if we get passive income from business such as franchising then there is not much we can do, it's better looking for or building a new business so that our passive income continues to increase.

Trying to increase passive income is indeed a very good step, but what needs to be underlined here is that any passive income is always good to receive at any size because usually passive income can always make your life more comfortable without having excessive economic pressure. So if someone doesn't move to create a new business to increase passive income in his life, I don't think he also made a wrong move as long as he can still enjoy other passive income from the old business.

[Davidvictorson]

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

There is no joy in going to a job you hate. Well, OP, if you have spoken to your line manager about what makes you unhappy and they seem adamant about helping you fix aspects of the work that you do not enjoy to make it better, I would say that you should consider an alternative, which may be a new job that fits in with your interests and skills. or even switching career paths totally. Also, remember that we live in a time where you need multiple streams of incomes. So despite your side hustle paying more, you need more streams even if you decide to look for another job.

[Kakmakr]

It's a very difficult decision to make....

You can quit your job and have a better quality of life (which are the more important aspect of life) or you can stay with the security that your job offers and hate it every day.

I think I would consider if the passive income has higher risks than what you might be faced at work, if it does... then I would rather look for something else while I live on the passive income.. to supplement that income, if it fails. 

[fuer44]

I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

[xSkylarx]

I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

It was also the best move, but others are already exhausted from their main job, which is why they are planning to focus more on their passive income, but it was a really bad move as passive income is really effortless, meaning you are not doing anything but still earning money, so it would be better if you had a job that was still giving you money at the same time and also tried to improve more your passive income. OP is really lucky to have both, but just to be safe, it would be nice to stay at his current job and at the same time run the passive income.

[Inwestour]

Trying to increase passive income is indeed a very good step, but what needs to be underlined here is that any passive income is always good to receive at any size because usually passive income can always make your life more comfortable without having excessive economic pressure. So if someone doesn't move to create a new business to increase passive income in his life, I don't think he also made a wrong move as long as he can still enjoy other passive income from the old business.

I'm not sure what business can be called passive income. Business requires a lot of time, you need to be present and control a lot of processes, this can often take a lot more than your other work.

And passive income is something that generates income without your participation. A simple example would be even a garage that you don't use and rent out, so you make a monthly profit but do nothing. Even a deposit in a bank is a passive income, but I don't like this example, because inflation will eat up the profits.

[Tony116]

I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

It was also the best move, but others are already exhausted from their main job, which is why they are planning to focus more on their passive income, but it was a really bad move as passive income is really effortless, meaning you are not doing anything but still earning money, so it would be better if you had a job that was still giving you money at the same time and also tried to improve more your passive income. OP is really lucky to have both, but just to be safe, it would be nice to stay at his current job and at the same time run the passive income.

I will also choose this way, having 2 or more sources of income will still be better than 1, IMO. Because life will always have unexpected things happen, there is no guarantee that that passive income will last forever or that our work will always be favorable to generate income for us.
Maybe it's a job we don't love, but it still gives us a good income and saves us money for the future, there's no reason to give it up. If I am lucky like OP, I will try to maintain both, as long as I can make more money for my family, I will never hate it. There is no reason to hate the things that benefit us.

[mvdheuvel1983]

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I would stay on the side of passive income when I remember the salary cuts and dire economic situation that almost pushed me into the streets during the pandemic and the year after. A salaried job, despite the benefits attached to it, is not consistent. It was the income from my side hustle that I had been building up along with my main job that saved me.
In other words, I trust my passive income to provide me with greater financial stability than my salary job. Right now, my earnings is from my passive income is higher but I won't quit because we need the multiple streams of income to keep flowing in.

[rangga28]

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I am very impressed with your life story in terms of having a job that you really hate, because right now that's what I'm experiencing, and that can't be separated from the support of my family and friends who always advise me to keep going even though I don't like my current job.

Because I really want to start a business, but I don't have the capital to start it, so apart from the support of family and friends, I continue to motivate myself to survive my current job just to collect
capital, I continue to instill positive things in my mind.

"And hopefully this will be a springboard for me to start the business I want." This is what always pops up in my mind when I start working. And this is very effective in making me passionate about working even though I don't like it.

[MiF]

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Well if i were you i will quit my job, you know life is to short and time is very important we need to spend time with our family be happy and be more wise, if i have another income line you and if will give me a time freedom i will surely quit my job, spending 8 hours in your regular job with a minimum salary is very disgusting if there is any other source of income and you can have longer time for the family then go for it.

[Cryptock]

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Well if i were you i will quit my job, you know life is to short and time is very important we need to spend time with our family be happy and be more wise, if i have another income line you and if will give me a time freedom i will surely quit my job, spending 8 hours in your regular job with a minimum salary is very disgusting if there is any other source of income and you can have longer time for the family then go for it.

if your passive income is equal to your salary this means you have potential to do both and should not give up any of them
At this time - less is more-one needs a passive income to survive
Have I been to decide I would not give up any of the two option

[panganib999]

One of the biggest mistake someone who had opportunities to increase their salary potential is leaving one for the other because "my side hustle pays enough anyway". It don't. Taking away one of your income avenues is like breaking one of your own knees. Sure you'd be able to walk, but not as easy as back then. I would highly suggest you keep working on your current 9-5, perfect and expand upon your passive income until it completely goes above your 9-5 salary, learn financial literacy and other important economic things that you would have to learn in order to become effective with your own money, and only by then can you allow yourself to leave your old job. Nowadays, the bitter truth is that it's much better to get sick working than be healthy while unemployed, at least that's the truth for me based on experience.

[Jatiluhung]

I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

the steps you take are indeed the safest and most realistic steps to take. because getting out of the main job does require very mature consideration. even though at that time we had a fairly high passive income. But yeah, it's better to have more savings or more thorough preparation before deciding to quit your job.

[Furious 7]

I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

the steps you take are indeed the safest and most realistic steps to take. because getting out of the main job does require very mature consideration. even though at that time we had a fairly high passive income. But yeah, it's better to have more savings or more thorough preparation before deciding to quit your job.

As long as we don't have a problem with dividing time and it's not a burden, it's still very possible to do, especially when the main job has long prospects, even though it's still smaller than a side job.
Things like this may also return to everyone's thinking because we are currently in conditions where side jobs are more profitable, not a few people focus there, at least where I and many of my colleagues are like that.

[Pejoh Asu]

I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.

[Mauser]

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Sorry to hear that you are struggling in your job and also congratulations that you already have such good investments that yield a nice passive income. Quitting your job is a tough decision that should be well thought through. First of all, how reliable is your passive income? Will this continue till the end of your life without any real risks attached to it? A good friend of mine got a house from his parents when he turned 30. He prefers to live in the city and rents out the house with a nice passive income. The problem is that he can't fully rely on it because the house is already older and there always some small issues with it. For him it's a bonus to his everyday life, but he needs to put a lot of money away for repairs and maintenance. The second issue you already mentioned is inflation. How reliable is your passive income when it comes to high inflation. Any regular paying job has to eventually increase the salary with inflation rates, this might take a few years but  is eventually going to make us not lose out on the value of our money. With any fixed interest rate passive income we might be losing in the long run if the inflation remains high.

[LogitechMouse]

I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

It depends and a bad advice coming from you.

Passive income is a continuous cash flow coming from companies. I'm pertaining about the stock market since they're the ones that are giving passive income towards the stakeholders thru dividends. They are giving yearly.

With regards to the passive income putting into savings, that's a bad decision for me. Why you put your earnings of your passive income into savings where in fact, you can just re-invest it again and increase your passive income? Dividend re-investing. It's good to say that you will continue to work, and it's the advice that you will heard from many people especially if you can still work.

I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.

I have seen this numerous times in different platforms, but this is the formula that they are using.
(Your expected monthly passive income x12) / percentage

Increasing your capital also increase your passive income depending on what asset did you invest with. Good for you because you think of looking for other sources of passive income to make it bigger. Some took their passive income and spend it anywhere. Building a portfolio that will give you a passive income higher than your current income will take a long time (depending on how many your streams of income are), but it's achievable. We've seen many people that got millions of dividends thru stock market and that's passive income.

Anyway if I may ask, what are the assets that are giving passive income to investors? I have some in my mind, but maybe there's something that I don't know.

[Raizok21]

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

For me, it is either I keep holding onto that job or I'll find another job that I like. Though, my passive income pays slightly above my salary I'll still working for a job. It is safe to resign if you already have multiple sources of income, aside from your job, and those incomes double or triple your salary.

[molsewid]

I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.

Yeah it is very hard to make it and it will cost you so many things of course, your sleep your body and your mental health but then we should learn to prioritize ourselves better than anything else because that will be our biggest investment in our life. Right now, in my case I will rest for awhile because I'm burning out and this season makes me tired, I just hope to have that energy again and move forward.