Bitcoin Forum
April 02, 2026, 06:43:06 PM *
News: Latest Bitcoin Core release: 30.2 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Choosing the right path is necessary to achieve success.  (Read 308 times)
Faisal2202
Hero Member
*****
Offline Offline

Activity: 1890
Merit: 566


♻️ Automatic Exchange


View Profile WWW
January 20, 2025, 06:52:30 PM
 #41

This is actually a good path to follow to be rich, like if we will have some portfolio in different assets and commodities and we have left them for long term then those investments will make us passive income as well so now we have two portfolios and passive source of income but we must have another passive source of income like a small business not run by us, or property that we rented, etc.

Active income is what we should never leave, even if we would be making enough from passive income because passive income will be shrinking with time as the consumption will be higher and there might be no savings so to keep the portfolio increasing and to meet the daily expenses we must have an active source of income as well.

░░░░▄▄████████████▄
▄████████████████▀
▄████████████████▀▄█▄
▄██████▀▀░░▄███▀▄████▄
▄██████▀░░░▄███▀▀██████▄
██████▀░░▄████▄░░░▀██████
██████░░▀▀▀▀▄▄▄▄░░██████
██████▄░░░▀████▀░░▄██████
▀██████▄▄███▀░░░▄██████▀
▀████▀▄████░░▄▄███████▀
▀█▀▄████████████████▀
▄████████████████▀
▀████████████▀▀░░░░
 
 CCECASH 
Sanitough
Hero Member
*****
Offline Offline

Activity: 3360
Merit: 782

Enjoying my crypto life


View Profile
January 20, 2025, 08:19:51 PM
 #42

Active and passive income cannot make you very rich, but if you focus on portfolio income by accumulating assets from your investments, then you will be able to benefit the most and be able to achieve your goals. Many people think that they can become rich only by accumulating money without investment. I just know your thoughts by which type of income one can be rich man.

You just say that because you think it and that's it? It seems to me that you are one of those who have a lot of opinions about getting rich but have a net worth of like $20. That's if you don't have a negative net worth.

Of course active income can make you very rich, look at professional players in the NBA or NFL for example. As for passive income look at Robert Kiyosaki.

And when you talked about the portfolio you could have talked about bitcoin.

Each of them has certainly its role in getting rich, but definitely, if you want to get rich, you should chose the type of job or source of income that is giving you well compensation. It’s a working process, and you have to stick to it for quite a long time so that you can see the utmost effect. Same goes with passive and portfolio income, you have to make it work and stick to your goal, that’s the only way you’ll gain long term success.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!