Part 1/8:
The Illusion of Passive Income and Cultivating a Successful Side Hustle
Many aspiring entrepreneurs often fall into the trap of chasing the idea of passive income. The misconception is prevalent, as many individuals holding traditional jobs seek to accumulate wealth on the side through effortless ventures. However, a deep dive into the true nature of passive income reveals it to be an illusion for most. Instead of solely chasing passive revenue streams, Scott Simpson, founder of Rafiti Media, advocates for investing more dedicated effort into side hustles, ultimately blending them into primary sources of income.