For the last 1 month, I have been in and out of writing and could not write a lot of posts which means my active income from writing has been affected a lot. But the best thing is that with Hive, you can still earn money going fully passive. I know passive income on Hive is not that great for me at least, but something is better than nothing. I know this is not which can help me cover my living expense, but the money which I am getting now as a passive income will be huge in the future.
For attaining financial freedom our passive income should cover our living expenses, and I am thinking that 5 to 10 years down the line, I can get that income easily from Hive if I continue getting active income as well as passive income on Hive.
PC: Pixabay.com
Getting Passive Income from the traditional method is hard, as I am doing both outside of Hive and on Hive. But if we are continuous can able to generate some income from Hive, it will be truly passive. We just have to spend some time checking and other things will be taken care of for you. Now increasing money on the day job is hard and I can see that. Just to earn $250 extra per month you have to work for 10-12 hours. But on Hive if you are consistent in writing as well as with curation and other things $250 is just a piece of cake.
So if you want to attain financial freedom we just have to generate that passive income on Hive and in coming years with Hive going to the moon we will be able to get good returns on our investment. Just with HBD, we can generate 20% returns which are again huge where people can park their money and enjoy the returns. It's not easy on Hive too, whatever I can generate now is the work I have put in for the last 5 years. We need to be consistent, and then generating passive income can be easy if you consider the long term.
