For others still, it means being able to pursue interests and passions without having to worry about financial strain. Midlife often comes with unexpected events such as corporate layoffs, divorce, health challenges, or the need to step away from work to care for loved ones. This is why having multiple income streams is critical for financial security. Passive income acts as a safety net, providing consistent cash flow even during life’s challenging moments. This extra revenue stream can offer stability and flexibility, allowing you to weather life’s events without derailing your financial plans.
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