01/07/2022
💰 PASSIVE INCOME FUNDAMENTALS 💰
✅ Passive income is a way to make money without putting in a ton of effort. You might need to do some startup or maintenance work, but a passive income stream shouldn’t be like a second job where you have to work X number of hours or abide by a regular schedule from week to week.
✅ There are many different ways to earn a passive income—some require money upfront (like real estate investment) while others demand more time and experience (like blogging or creating an app).
✅ Although it doesn’t have to be as much work as a part-time job, having a passive income stream doesn’t mean that you get to make money while putting forth no effort at all.
✅ When searching for a source of passive income, you should look for something that other people have used to make money, you should carefully consider the risks, and you should avoid opportunities that make overzealous claims or promises.
