Building passive income is essential for financial stability and freedom. It provides a reliable stream of income without requiring constant effort and time. Having passive income allows individuals to have more control over their lives and pursue their dreams and passions. It can provide a safety net during uncertain times, giving a sense of security and peace of mind. Additionally, passive income can create opportunities for wealth creation and long-term financial success. By diversifying income sources and investing wisely, individuals can gradually build passive income streams that grow over time. This can open doors to more choices, flexibility, and a brighter future.