Risk management in passive income.

[Bisolami]

It is true that every investment has its own risk and there is no need to carry out proper analysis on the risk that is involved.

It is also good for you to know the kind of risk that you will face in your business so that you will know how to manage the risk when it finally happens. This is the best way to handle business.

 

[Hate2Wait]

Risk management is important for every business so we need to invest in a way that we don't keep all our eggs in one basket

 

[Bisolami]

Risk management is important for every business so we need to invest in a way that we don't keep all our eggs in one basket

Even when you put all your eggs in one basket, it is still important to learn how to manage risk. Also, it will be very good to diversify your income because we never can tell what will happen in future.

 

[Hate2Wait]

It's better not to and we should diversity our passive income so that we can earn at least from one stream in case others are not working

 

[eldavis]

Risk management is extremely important in anything that we do today. Every business we go into or investment we make, there is some level of risk involved, you need to make sure you know what you are going into before you start.

 

[Hate2Wait]

In the absence of risk management, we will face so many issues and that will affect our growth

 

[nomad]

If you have invested money to build passive income, there might be certain level of risk. However, if you have built passive income by utilizing your skills (for example, creating a digital product), passive income is risk-free method.

 

[Rubz]

I believe this does not only apply to passive income sources. In any investment one is going into, one should be able to know when and when not to invest.