2 practicable tips on Passive income

[Augusta]

when you think about having passive income you should know that there are things involved that you take note of that would help you make a success of it. You don't just have to get carried away because you have one or two passive way of making money.​

Remember the below tips with passive income

Passive income still needs you putting in work. In as much as you have put in place things that would make money for you while you are away know that you still need to put in work to sustain it. Assets do rot or fade you need to constantly renew, renovate or refurbishe to continue making money for you.

With passive income you need to diversify. Some assets have it's season and some periods are low that your passive income might be low. So it is good that you have different sources even if you are into passive income.

What do you think?

 

[LoukiaCharilaou]

Thank you very much for the 2 practicable tips on passive income. I fully agree with everything you mention in your thread. I believe that passive income is a dream for most people because it is wonderful to earn money without making any special effort or while sleeping. However, in order to enjoy these passive earnings, first, you have to work hard and second, you must definitely have some other earning sources as well.