Merits of Having a Passport
A major advantage of having a passport is that you can invest, bank, travel or even reside in a different country. Having more options guarantees you that you have more freedom and opportunities. It will be easy for you to internalize your income and assets when you have a passport. This is an added advantage because these may be off limits for citizens of certain countries. There are a lot of regulations that can limit you to open a financial account in another country. This is why it is important to actually have a passport.
You will be able to travel visa-free when you have a passport. When applying for a visa you may take a very long time. This will be a problem in a case where you want to travel immediately. The process of applying for a visa is very expensive and time consuming. Having a passport will help you avoid all this. This is only because you are able to travel without a visa. Having a passport will help you avoid foreign country blowback. If you travel to a country that has issues with your country, this may be a major problem. The advantage of having a passport is that it has minimal foreign policy blowback risk.
Another advantage of having a passport is that you will not have to live like a refugee. You will have another place you can actually call home when you have a passport. Having a passport is the best way of having a legal right to working and living in another country. Another advantage of having a passport is that you will avoid traveling with your original documents. You will leave them at home safely. This will help you avoid losing and damaging your documents. You cannot in any way afford to lose your documents.
A passport will be very helpful in a case where you decide to renounce your citizenship. In this case you will avoid huge tax regulations in your country. Having a passport reduces the political risk of renouncing your citizenship when you have a passport. Having a passport ensures that you will not be placed under house arrest. In this case they cannot also cancel your passport for any reason. Another advantage of having a passport is that it acts as your photo identification. When asked for an identification card just produce your passport. When traveling to another country ensure that you actually have an identification photo. You can get employment anywhere when you have a passport. This means you will be able to work in whichever country you like. If you dont want to face any challenges when traveling ensure that you have a passport.