With so much about passive income I thought there was no need writing about it any longer but on another thought we have different audience so it is possible for my audience not to have read a similar thing and again it is very possible that my own writing will go in another direction as well. The regular thought that people have about passive income is that they want a place where they could just make some quick bucks within a limited space of time and unfortunately that is a reason why scam projects sell very well and they make away with loads of money at the end of the day.
Passive income to me is another way to make extra bucks and it is not a scheme for those who want to GET RICH QUICK, a good method of passive income requires dedication and consistency, which means in order to have a good way to earn passive income you are either investing your time or your money and in most cases you are even investing the both.
Irrespective of how that marketer is trying to sell you a product, it is important for you to consider the idea presented very well, sometimes If it is too good to be true then it is often too good to be true. Selling you the idea of a passive income where you just have to invest your money and without lifting a finger get 200% increase within the space of a month or two should be known to be a big time scam project that is not worth your funds.
The major reason why people fall for scam projects who disguise in the name of passive income is the fact that everyone wants a type of life where they can easily move from being an employee to suddenly becoming a millionaire who takes vacation every day but passive income does not work that way, passive income works in a gradual manner. If passive income would work for you, it would need you to keep that job that is sustaining you then gradually invest your extra time into a thing that would bring in some extra cash, now that extra cash gotten from that other job is not for you to spend on luxurious items or lavishly, it is rather for you to build up until it turns into a means of running business for you or investing into a thing that is going to pay you for a life long period.
No way to deny this.
200% increases is the result of speculation not passive income. If one is seeking passive income, there is no way to get a 200% rapid return.
This is where people get tripped up. It is okay to speculate but then the profits should be rolled into income producing assets, which build up consistently, albeit slowly, over time.
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Hello friend, you are right, many want a better quality of life, but they want it easily and quickly, and no business or fortune is made overnight. Everything requires study and sacrifice, and that's something not everyone is willing to do.
Hi @futurekr
In this matter of investments for passive income, as in every investment, you have to be patient, because wanting everything fast can lead to big losses. I have already had some unpleasant experiences in this regard.