What Is Passive Income?

Just as the name implies it’s income that you don’t have to do any (or very much) physical or mental work to earn.

Usually it means an investment of some kind, stocks, real estate, etc.

These days a lot of crypto related programs offer some kind of passive income through crypto mining,  staking, etc.

It’s Great ‘Work’ If You Can Get It.

There’s two major hurdles to overcome when it comes to creating passive income.

The first is, it takes money to make money.

Like my dad always said you can’t put in a toothpick and expect to get back a forest.

The second hurdle is selecting the right passive investments. That’s not always so easy.

The Wrong Kind of Passive Income

I know a lot of folks who are only interested in passive income business opportunities for example.

They’re easily led astray by promises of ‘done-for-you’ marketing ploys.

Or promises of ‘spill over’ in multi level programs.

I love multi level programs but I can tell you this you’re not getting any spillover.

MLM’s or really any kind of program that involves selling and or recruiting takes WORK.

Learn how to sell and recruit if you’re going to invest in these kinds of business opportunities.

Another very common fake passive income type of program are programs that claim they are succesful traders and offer set percentage returns either daily, weekly, monthly or for a set number of days. These are all fake. No real trading or investment program can do that. They are all ponzi schemes. In the old days they were called HYIP programs. Don’t ever believe your returns in these  programs are coming from real investments because they’re not.  Think about it, if a trader could generate those kinds of returns on a consistent basis banks and real trading companies would pay them millions to do it for them.

The Right Kind of Passive Income

True (or real) passive  income is based on investing in stocks, real estate, bonds, businesses (where you receive stock shares/options or crypto tokens) and some crypto DeFi protocols. One I personally highly recommend because I created it is TrafficX1.

If You Have Money To Invest

into a true passive income opportunity you need to become a serious researcher or know someone who is that you can trust.

And never ever invest more than you can afford to lose.

Also remember your returns are going to be in proportion to the amount you invest. Again the toothpick/forest equation.

Don’t do passive income investments to get rich overnight. They are long-term projects.

If you want faster money you should consider some form of online marketing. It’s not completely passive but it’s pretty close.