Debunking 4 myths about passive income

Creating multiple streams of passive income is a wise business decision but don’t be fooled by some of the myths around this topic.

Do your research objectively and learn how to read between the lines of promises people make.

This sage advice is often correct: If it sounds too good to be true, it probably isn’t true.

Myth #1: Creating passive income is quick and easy.

Anyone who has worked to create a product, write a book, create a niche website, or even promote affiliate links will tell you this myth is false. You’ll always have to do work at the beginning and the amount of work and how long it takes you will vary considerably depending on your income stream. Anyone promising you overnight riches is out of touch or trying to sell you a scam.

Myth #2: You can set it and forget it after your passive income stream is set up.

This is only true if you hire a project manager to manage the daily marketing and promotion plans for your chosen income stream. But even if...

Continue Reading...
Close

50% Complete

Download Your Workbook

You're nearly there. Please fill out your details below to get a FREE copy of Discover Your Purpose workbook.