The phrase passive income is often in my opinion misinterpreted for two reasons.
- A lot of people think passive income is a get rich scheme where you spend less than an hour clicking some buttons and that’s it. All they have to do now is retire because their a millionaire. Its not that simple though, if it was than everyone would be doing it. While yes there are some quicker ways than others I am 99.99% sure that there aren’t any ways out there that will make you rich in less than an hour apart from the lottery. Please let me know in the comments if you have a way yourself.
- Secondly you do have to put some effort in at the start in order to make profit, and of course if you want it to grow it will require you to add to it.
So for those of you who haven’t heard of passive