King bell
VIP Contributor
There are different setbacks to passive income, but the main one is that it is not as well-known to many people. The other setbacks are that it can be difficult to find a passive income stream, and then there are also tax issues.
The term passive income refers to an additional form of income that doesn't depend on the amount of labor you put in or time you spend at work. It means any money earned without having to directly put in a lot of physical effort. Passive income streams can be anything from investing in a business you don't manage yourself, renting out an apartment for profit, or even just collecting dividends from stocks and bonds in your portfolio.
A lot of the possibilities for passive income sounding a lot like hard work, which is why it's not as popular. It is a lot easier to work at a job you hate to make money than it is to try to find a way around working altogether so you can still earn money. But any kind of passive income takes time and energy, and that makes it something most people have trouble with.
It's also difficult to find the right passive income stream in the first place, which is why so many people end up quitting on their investment plans before they really get started. This is compounded by the fact that most passive income streams have tax issues around them, making it hard to make a profit in the first place.
Of course, this just makes it more of a challenge, which is why so many people are looking into it's possibilities. But with all these issues, it might be a while before we can start seeing active income become something everyone looks at as the norm.
The term passive income refers to an additional form of income that doesn't depend on the amount of labor you put in or time you spend at work. It means any money earned without having to directly put in a lot of physical effort. Passive income streams can be anything from investing in a business you don't manage yourself, renting out an apartment for profit, or even just collecting dividends from stocks and bonds in your portfolio.
A lot of the possibilities for passive income sounding a lot like hard work, which is why it's not as popular. It is a lot easier to work at a job you hate to make money than it is to try to find a way around working altogether so you can still earn money. But any kind of passive income takes time and energy, and that makes it something most people have trouble with.
It's also difficult to find the right passive income stream in the first place, which is why so many people end up quitting on their investment plans before they really get started. This is compounded by the fact that most passive income streams have tax issues around them, making it hard to make a profit in the first place.
Of course, this just makes it more of a challenge, which is why so many people are looking into it's possibilities. But with all these issues, it might be a while before we can start seeing active income become something everyone looks at as the norm.
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