Avoid a tumultuous economy
One of the worst things about working at a regular 9-5 job, is the strong possibility that you will be laid …show more content…
This means you aren’t at the mercy of the economy (there is no downsizing when you are the only employee) and you aren’t at the mercy of unseen decision makers (CEOs, shareholders, etc.) who can choose to …show more content…
But, it definitely applies with the two most popular means of earning a passive income, website building and EBook writing. When you build a website or write an EBook you can work on your own terms. Want to work a lot on weekdays and take weekends off? You can do that. Want to take Mondays off? You can do that. Want to do an hour of work each day so that you can have the rest of the day to yourself? You can do that. Want to take an extended vacation? You can do that. There is not a lot of flexibility when it comes to working in a regular corporate environment; especially if you live in the United States. Sure, you may get 2 or 3 weeks of vacation time, but a lot of people want more. Lots of people work better when they can set their own schedule; if you are one of these people, then a passive income may be for