I think the most important challenge to earning passive income is lack of the required resources. Most a times, generation of passive income requires one to invest substantial upfront finances. Most people lack the ability to mobilise these resources.
What Are Some Challenges You Face While Making Passive Income?
- Thread starter Passiveearner
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Having a passive income is really one of my dream come true and I am trying my best to have some sort of extra income even in some small ways because everything that adds up with my earnings is a very big help already for me.
There are so many ways to take passive income, one of which is give your apartment on rent, as I had given it and I was taking rent on monthly basis. The challenges were to take care of apartment, as if something break I was remain there to fix it.
Some of these difficulties may consist of finding the time to correctly set up and manage assets considering that one might have existing commitments between work and life, having enough starting capital necessary for setting revenue streams, managing unpredictable month-to-month cash flows, adjusting offerings according to changing consumer
Passive income comes with a lot of risks as well. For instance, when you invest in stocks or others, there is no assurance that you will earn money from it. So, just invest what you can afford to lose.
The risk of investing in bank deposits is that banks reduce the rate of interest without notice.
- Thread starter
- #33
There are, indeed, a few challenges associated with generating passive income. In many cases, passive income may not be consistent. This could be a huge problem as your expenses may increase by the passage of time.
