Generating passive income is a really hard thing. Nowadays, inflation is increasing and there are many people who are struggling with their finances. This is why there are many people who are trying their best to generate passive income. So, why is generating passive income so hard?
Why generating passive income is so hard?
- Thread starter Passiveearner
- Start date
Generating passive income is very hard because it required extra ordinary skills as well as capital. Let's suppose I want to give a flat on rent and then I think that I will take it's rent as a passive income then it will required extra capital to purchase the flat first.
Well, there are many reasons why earning passive income is hard. Some are afraid of the risks that come with it, the economy can change, and some require a big amount of investment, and so on.
You have a point though, like for me there are so many things I want to invest in but the major reason stopping me is the fact that I do not have enough extra cash to make an investment.
Actually, generating passive income takes a lot of effort and investment. If you want to generate passive income through investment, you need to invest a lot of money, and if you want to create something for passive income, you will have to work really hard.
I think more persons need to be enlightened about this. Most people tend to assume it is extremely easy to earn passive income, and this is why most persons give up after a little setbacks.
Companies reduce pay due to concurrency because there are many companies so no one how has high pay and advertisers are splitted there and there which explains more the situation.
- Thread starter
- #15
Many people wrongly think that if you want to generate passive income, then all you need to do is invest capital. Capital is the only thing they need. However, they often overlook the fact that they also need the right kind of mindset and talent if they actually want to generate passive income.
There are avenues for earning passive income and one just needs to look for them within one's own limits.
Generating passive income is actually not very hard. You may buy dividend paying stocks. If you have money in a fixed deposit account, you earn interest. If you have good writing skills, you may publish ebooks.
I actually feel that passive income just requires that you have substantial investments for it to be able to pay you reasonably.
