Facts to know about passive income

[Susye]

Youtube, cryptocurrency staking. These are good passive income sources that will be able to give you good returns on the long run. Cryptocurrency staking in particular is very risky and you also stand a chance of losing your money. It is for people that can be able to take risks.

Thank you so much for sharing, I am not a risk taker, but thank you so much for sharing

Post automatically merged: May 12, 2023

If you can have the required amount of money to start a blogging with a catchy niche, well SEO optimized, and a robust content marketing strategy of the blog site, you can really make the best passive income out of it.

Sadly I don't think I actually do anything interesting enough to start writing a blog, nor the skills, if I found something I would be happy to try and learn the skills needed, but now I will just stick to learning this site and other sites

Do like reading other people's blogs

 

[flower]

Thank you so much for sharing, I am not a risk taker, but thank you so much for sharing

Post automatically merged: May 12, 2023

Sadly I don't think I actually do anything interesting enough to start writing a blog, nor the skills, if I found something I would be happy to try and learn the skills needed, but now I will just stick to learning this site and other sites

Do like reading other people's blogs

You need to be acquainted to passive income source in order to generate decent money.

 

[astutimeliana723]

Passive income mighy looks like an easy way of making money but you need to know that work is still involved. For passive income you might need to do some or all of the work upfront. So you need to set up avenues of generating passive income before they can start to pay you.

Secondly, when using any passive income generation you don't need to relax after setting it up , you need to keep upgrading it so that you keep making good money off it. if you buy a property you need to keep maintaining it.so that it would not lose its value and you keep generating the income

That's right, I totally agree with you. Indeed, to start passive income requires a lot of capital. Example: when building a house for rent, we need a very large initial capital and also need costs to carry out maintenance.

 

[cherry123]

Yeah to start passive income requires a lot of capital. because you need money to kivk start the process sure even a house for rent need money to buy it

 

[Suba]

Not always to create a passive income stream requires big capital, because I adjust to my financial capabilities, we can invest in superior stocks and get dividends, or at least we can invest in mutual funds that can be started with only $ 1 capital. To buy property I can use a mortgage.

 

[AruneBend]

It can take years before you can start earning passive income, so it is definitely not easy to do. People think it's simple, but they could not be more mistaken; it takes a lot of time and effort.

 

[uptrendfinancialsignal]

The basic thing about passive income is that it's a way to generate money even when you're not putting in so much effort.

 

[Golden9]

One thing I've learnt is that passive income is never truly passive. It's just easier sometimes compared to other things.

It cam also be less exciting compared to jobs that require more attention.

 

[cherry123]

The basic thing is to make money at ease. Passive income is has a good way of generating money even when you're not putting in so much effort which is good

 

[Chibson]

That's right, I totally agree with you. Indeed, to start passive income requires a lot of capital. Example: when building a house for rent, we need a very large initial capital and also need costs to carry out maintenance.

building passive income in the offline space requires a lot of money. Sometimes it also requires time because when you work in the public sector and you retire, you will be paid your gratuities and other benefits passively.

 

[uptrendfinancialsignal]

building passive income in the offline space requires a lot of money. Sometimes it also requires time because when you work in the public sector and you retire, you will be paid your gratuities and other benefits passively.

It is true! If you want to build a passive income, you need huge amount of money sometimes especially if it's a real estate investment.

 

[Chibson]

It is true! If you want to build a passive income, you need huge amount of money sometimes especially if it's a real estate investment.

Yeah, having enough capital is always important if you want to build a reliable passive income especially in the offline space. But online you can build passive income without much capital.

 

[freelancermaria]

Having a passive income can help you build your wealth. Having one, however, does not imply that you will simply let your money do the work. You must also invest time and effort.

 

[Chibson]

Probably, many passive income sources requires you to invest time and effort at the initial stage. A typical example is building a YouTube channel.

 

[uptrendfinancialsignal]

Probably, many passive income sources requires you to invest time and effort at the initial stage. A typical example is building a YouTube channel.

You need to invest your time and effort in order to make money in the passive income source and it is not a free money.

 

[gammarays]

Passive income is generating consistent income without putting in much effort. There are several passive income streams that you just need to suffer and build at first but afterwards get constant revenue from them example is building residential apartments.

 

[Chibson]

You need to invest your time and effort in order to make money in the passive income source and it is not a free money.

That's right, building passive income is not really easy so you must be able to invest your time and resources. On the long run you can become successful.

 

[Rubz]

A lot of people do not know they need a lot of hard work at the initial stage of passive income. They feel passive income is all rosy from the beginning.