Passive income doesn’t exist, at least not how you’ve been led to believe.
The idea of passive income is appealing to many people. The thought of being able to make money without having to work for it is a dream come true. However, the truth is that passive income doesn’t actually exist.
Recently a friend of mine asked me about an online program claiming to make the user thousands of dollars per day without much work.
It was tempting marketing from someone trying to sell an affiliate email marketing program, which was pretty outdated.
Over the years, online “gurus” and other marketers have brutally warped the term “passive income” into meaning something that it isn’t.
To date, I haven’t seen, heard of, or read about ANYTHING that doesn’t require some level of work and maintenance.
Hopefully, this helps you more than discourages you. My goal here is to save you years of searching for something that doesn’t exist.
The Truth About Passive Income: It’s Not as Easy as You Think
Yes, there are some ways to make money that require less effort than a traditional job.
For example, you could invest in real estate and collect rent, or you could start a blog and earn money through advertising.
However, even these “passive” income streams require some level of work and maintenance.
For example, if you own rental properties, you’ll still need to deal with repairs, tenants, and property taxes.
And if you start a blog, you’ll need to write content, promote your blog, and manage your advertising.
The bottom line is that there is no such thing as truly passive income.
Why “Passive” Income Still Requires Work and Maintenance
Any income stream that requires no work at all is likely a scam. If you’re looking to make money, you’ll need to be willing to put in some effort.
Here are some of the reasons why passive income doesn’t exist:
- It requires an initial investment. In order to generate passive income, you need to invest some money upfront. This could be money to buy rental properties, start a business, or invest in stocks or other assets.
- It requires ongoing maintenance. Even after you’ve made your initial investment, you’ll still need to maintain your passive income streams. This could involve managing tenants, repairing properties, or monitoring your investments.
- It’s not guaranteed. There’s no such thing as a guaranteed investment. Even if you invest in a diversified portfolio of assets, there’s always the risk of losing money.
If you’re looking to make money, don’t be fooled by the myth of passive income. There is no such thing as a get-rich-quick situation. If you want to make money, you’ll need to work for it.