moonchild
VIP Contributor
Passive income it's just like active income and the advise has always been, get multiple sources of income and by doing so you'll be able to split up the risk, it's the same in passive income, just because you have a real estate portfolio doesn't mean you should sit on your hands, explore other ways to make money passively, you can do it in the same industry, maybe acquire more rentals or open a service business and have others do the work for you, there are just different alternatives.
Also in business it's important to always visualise stuffs going wrong due to many uncontrollable variables that are involved in running a passive business.
The more the better always, by diversifying your passive income you'll be able to deal also minimize your risk exposure and maximize your profits gain in your business.
Share your own views on this topic below in the comments.
Also in business it's important to always visualise stuffs going wrong due to many uncontrollable variables that are involved in running a passive business.
The more the better always, by diversifying your passive income you'll be able to deal also minimize your risk exposure and maximize your profits gain in your business.
Share your own views on this topic below in the comments.