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What are the factors to consider before obtaining a personal loan for your business?

I will always make sure that I obtain interest-free loans. I really hate usury. It creates debt and many lenders increase the amount of interest even more when you do not pay loans at the right time.

One thing that you have to consider is your average living expenses and your income from the business to repay the loan.

Relationship between expenses and passive income?

Passive income may not necessarily increase by the passage of time. If you want to increase passive income, then you must invest more money. This is the only way to deal with expenses if your expenses are not leveled with your income level.

Passive income is money that comes in without having to do any major work. Let's take selling a digital product online for example, you have created a digital product and you post it, then people start buying it. Which means it keeps generating money for you. Running a business also generate money for you no doubt, but you have to play an active role even when your expenses are low.

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