Passive Income Need Questionnaire for Working Professionals

  Theme 1: Income Stability & Career Risk

1. Does the idea of a sudden job loss cause me significant financial anxiety? (Y/N)
2. Is my industry susceptible to layoffs, automation, or economic downturns? (Y/N)
3. Do I feel my income is not keeping pace with the rising cost of living? (Y/N)
4. Is more than 50% of my household's total income dependent on my job? (Y/N)
5. Would a single missed paycheck create immediate financial stress? (Y/N)

Theme 2: Career Satisfaction & Time Freedom

1. Do I feel stuck in the "golden handcuffs" (staying in a job for the salary rather than passion)? (Y/N)
2. Is the idea of achieving financial independence and retiring early (FIRE) appealing to me? (Y/N)
3. Do I dream of having the flexibility to change careers, work part-time, or start my own business without a massive pay cut? (Y/N)
4. Do I often feel that all my best energy and time is spent making money for someone else? (Y/N)
5. Would I work my current job if I had enough passive income to cover my basic needs? (Y/N)

Theme 3: Financial Goals & Leverage

1. Do I have specific financial goals (e.g., buying a home, starting a family, extensive travel) that feel distant on my current salary alone? (Y/N)
2. Am I maxing out my tax-advantaged retirement accounts (CPF) and still have extra money I want to put to work? (Y/N)
3. Do I have skills, knowledge, or hobbies outside of my job that I believe could be valuable to others? (Y/N)
4. Am I comfortable with the idea of investing money upfront for a potential long-term payoff? (Y/N)
5. Do I have a few hours per week that I could consistently dedicate to building an income-generating asset? (Y/N)

How Working Professionals Should Interpret Their Answers

Scoring: A "Yes" answer in Themes 1 and 2 indicates a strong underlying need. A "Yes" in Theme 3 indicates the capacity to act on it.

• High "Yes" in Theme 1 (Income Stability & Career Risk): Your need is driven by security and risk mitigation. You see passive income as a safety net to protect against the inherent instability of being an employee. The goal is to build a personal financial buffer that is independent of your employer.

• High "Yes" in Theme 2 (Career Satisfaction & Time Freedom): Your need is driven by autonomy and liberation. You view passive income as a tool to buy back your time and choices. The goal is to reach a point where you work because you want to, not because you have to.

• High "Yes" in Theme 3 (Financial Goals & Leverage): This shows you are in a strong position to start. You have the resources—whether it's extra cash, valuable skills, or time—that you can leverage to begin building. Your need is about accelerating your financial progress and optimizing your resources beyond the traditional career path.

Summary for Working Professionals:

For you, passive income isn't just about extra cash; it's about building optionality. It's the pathway to transforming from solely trading time for money to having your money and assets work for you, thereby reducing financial stress and creating more life choices.