If earning passive income was that easy, then almost all the people would have had been doing that and all the people would have had become rich. However, building wealth or passive income is not that easy. This journey is full of many big challenges and this is also one of the main reasons why so many people usually fail. So, what challenges do you face when it comes to making passive income?
What Are Some Challenges You Face While Making Passive Income?
- Thread starter Passiveearner
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- #8
Well, I must say that risk management and dealing with high risk is one of the main challenges associated with generating passive income. This makes things very hard for many people.
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- #10
I think that gaining enough funds in order to generate passive income is one of the biggest challenges many people usually face. You need to have enough capital initially in order to gain passive income in the first place.
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- #12
Well, i must say that I face many challenges. A low amount of income is one of the main challenges that i usually face a lots of time as I get paid a low amount of money.
Yes. For a passive income generating concept to be sustainable it most often must take time to materialize. This is especially more so with online passive income generation that usually entails earning income from adverts. The money takes long to accumulate.
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- #15
Earning money through online advertisements is a big challenge. The fact of the matter remains that it usually takes a long time to make any substantial sum of cash, until or unless your website generates huge amount of traffic overnight, which may not be a possibility.
Yes this is also another angle, from what i have seen most times, to really earn passive income that would be huge, you need a good amount of money to achieve this.
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- #19
Actually, it is pretty hard to make money without money. The fact remains that until or unless you are extremely talented, it would be pretty hard for you to earn some decent money in the end. You may need the right kind of skills.
My passive income mainly comes from the dividends I receive from stocks I purchased. When investing in stocks, you must be prepared to take the risk of losing. The challenge I face is to select the right stocks to purchase.
