I have come across people who work really hard and yet are dirt poor. Some might consider them unlucky (and in some cases they are), but so often poverty comes as a result of poor planning. While it is true that it is far easier for some than others, there is an opportunity for virtually everyone in the World today to change their financial situation.

Even amongst the very poor, it has been proven that those who do manage to accumulate their income (mostly through savings or investment) tend to stand a better chance of increasing their earnings in the long term. This is because we all need capital to grow, and it takes substantial discipline to grow ones capital from nothing, considering the fact that such people earn so little.

A lot of people who are poor work at some of the jobs considered low end spectrum jobs. They are usually energy intensive, low paying and sometimes uncertain jobs. They have very little pathway for growth and the employee has very little to show for it in the aftermath.

Nonetheless though, there are some people who are faced with really difficult circumstances that have managed to get things done. Despite the odds, some have managed to find a way out of poverty through proper planning and execution. Yes we might say that luck has something to do with it, but fortune only favors those who are ready for it in the first place.

Since we know that a proven way to better our financial status is with the accumulation of income, then the options on the table are to either work out a strong savings plan, or find ways to increase revenue. The latter is difficult for the ordinary person as it may mean getting multiple jobs and putting our bodies under immense stress, which have long term consequences.

Saving on the other hand can be disrupted by unfortunate circumstances which may prompt us to spend. We can't be saving for instance when our health is challenged and we are in need of help. What we need is a less strenuous way to increase earnings and prompt us to save more.

Passive Income?

We all know what passive income is, but many pass up the opportunity for one reason or the other to earn passively. For some it may be a lack of knowledge about passive income sources while others might dismiss the amount as being 'too small'.

If you can find a passive income source that provides a less strenuous alternative to working multiple jobs, why not take a chance and build it over time?

Hive has offered people a chance to build and perhaps see what it becomes in a few years. It is easy to dismiss now, but those who gather consistently over time will have different stories of transformation to tell.

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