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Passive Income
Common misconceptions about passive income.
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[QUOTE="Johnson2468, post: 307430, member: 93261"] Some of the misconception about passive income are [B]Passive income does not requires initial effort and time investment to set up.[/B] Whether it is creating a digital product, building an audience or investing in real estate, the process can be time-consuming and require significant upfront work. [B]Passive equate to guaranteed income.[/B] Just like any other investment, there is always a level of risk involved and returns are not always guaranteed. Additionally, passive income streams require regular maintenance and management to ensure their continued success. [B]Passive income is a get-rich-quick scheme.[/B] It requires patience, discipline, and a long-term approach to see results. While it can provide a steady stream of income in the long run, it is not a quick fix to financial freedom. [/QUOTE]
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Common misconceptions about passive income.
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