Passive Income explained #financialfreedom #investsmart
Description
Why do people invest?
The core idea behind investing is long-term growth.
But for many people, it is also about creating passive income.
When you invest in the share market, you are essentially buying small ownership in publicly listed businesses. You do not work in these businesses. You are not responsible for running them. That is why this type of investing can be considered passive.
Over time, the goal is that these businesses grow in value. Many also pay dividends, which means you may receive an income simply from being an investor.
Done well, investing can help you build wealth gradually, create additional income streams, and give you more choice and flexibility in the future.
General advice only.
Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).
#Investing #PassiveIncome #Wealth #MoneyTok #FinancialFreedom #investsmart
The information provided in this article is general in nature only and does not constitute personal financial advice.