It is a way to let the money work for you. To generate multipe income you need to think how to invest. It is also a way to cover the uncertain times like temporary unemployment or need to take some time off.
Primarly there is one income (Full time) or multiple part-time jobs. Savings is one way to have some financial independence. As the bank interest is very low, put it in the saving account is not a good idea. What are the best ways to start earning a passive income? Buy crypto? Stake stablecoin? In addition to investing on the stock market?
Choose what you think it fits most and then go for it. Sometimes it can take some time before you get enough out of it. It is then important that you build consistently. You can become financially independent and eventually financially free.
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