It depends on how your approach / structure your income.
Wages are one form of income.
Everyone should develop 3 or 4 passive income streams. From mowing lawns, shoveling snow, to delivering groceries.
Here are some ideas:
https://wallethacks.com/passive-income-ideas/
With all due respect, I see videos on Youtube of some guy who has “11 passive streams of income” and manages to earn “$120,000 a month”.
Hey, there may be a guy on the planet who really does that.
Passive income streams may be a fine idea.
But most people have a job, so they can earn income so they can pay their bills.
Most people, if they could pay their bills without earning income, would quit their job.
For some study to come out and say that if people lost their job, they wouldn’t be able to pay their bills is just asinine. Major Duh.
“Everyone should develop 3 or 4 passive income streams. From mowing lawns, shoveling snow, to delivering groceries.”
That’s not passive. Having someone else do it and you take a cut is passive.