You may be generating passive income through a business. However, it might be possible that you may incur various different kinds of expenses while running the business. Those expenses may be related to the business you are currently running in order to generate passive income. This is one of the most important things you may need to know. So, what are the best ways to deal with expenses in case if you are running a businesses that provides you with passive income?
Relationship between expenses and passive income?
- Thread starter Passiveearner
- Start date
There's no guaranteed business and even job so you cannot determine fully rust the profit of your business serves as your passive income. It's better this way invest part of your profit from your business you can surely hit an investment good to be your passive income like Stocks.
To be able to run a business you not only incur expenses but also costs. After all, running a business is not passive income unless you sell franchises. The most common example of passive income is investing in stocks, bonds, mutual funds, etc.
Passive income is where one sits back and enjoys the one time effort. The question of on going expense does not arise.