There are some people that do not consider sites that they earn little amount from as a source where they earn passively due to the fact that it does not fetch them a good amount that they feel is what should be consider entering the account before being considered as a passive source of income. I would like to know how much earnings for you have to make to consider a side hustle as a passive source of income?
What do you consider passive source of income?
- Thread starter Blessed19
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- #4
I think that those are more like a passive way you do earn your money as you also have another form of job which you do offline and get to be paid either hourly, weekly or even monthly.
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- #6
well this is a very nice explanation because initially I thought something like working online is a passive source of income because it is more like a side hustle not knowing passive income is something you benefit from without working.
I make money from hubpages even when I have not worked on the site for ages. THis is a passive income source for me. I earn from my blogs and I work just about 1-2 hours every day. My blogs are also passive income sources.
A passive source of income involves generating a huge amount of money that could not only help you deal with daily expenses, but also allow you to save money as well.
Passive income is a huge kind of income that you generate every day, every week, or every month. If your maximum expenses are $1,000 per month and if you earn $5,000, then you might be generating passive income.
Yeah, many people want passive income, but it's not easy to achieve; it takes a lot of time, patience, and hard work. I think that passive income is where you don't have to work a lot and you still get money.
Passive income to me is the earning you gain without actively engaged in any activities. My source of passive income is the dividends I receive from stocks I purchase. I also own some shares in a startup. They are making profits. I receive dividends from the company every year.
There is nothing like how much money you have to make before it becomes passive income. Whether it is peanut or reasonable amount, passive income simply means making money passively. It does not put how much you will make to be passive.
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- #18
That is exactly what I am talking about as it does not matter the amount of money you get to earn from it before it can be termed as a passive source of income so long as you are not actively engaged in the income.
When I hear passive income, I instantly think about the money that is coming in without you doing any kind of work. Of course, reaching the ability to have a passive income you will need to work hard to get to that stage so there is always work involved to achieve a passive income.
I at the moment do not earn a passive income but I hope one day to be able to do so.
I at the moment do not earn a passive income but I hope one day to be able to do so.
