The passive income scam: Don't sell your time for Money.
Do you dream of living off passive income? While it's certainly possible to achieve financial freedom through passive income, there are some common myths that can lead people to believe that it's easier than it really is. When you search, 'How to become rich' or 'how the rich became rich' the answer you will find in the internet will be 'passive income'. Passive income is what made the rich people what they are. The money is working for them. So those who are dreaming to become rich one day will believe that passive income will make their dream come true.
But the reality is far from that dream. The passive income options you can find in the internet are not the real ones. Those are something else! In this video I am explaining what is passive income in reality, What are the types of Passive incomes, and why it is different from what we believed it would be. This will completely change your perspective about how money works and how passive income can be generated.
In this video, we'll break down the difference between passive and active income and discuss the common myths about passive income. Understanding this difference will change your thought about passive income. Along with that I will provide examples of real passive income sources that meet the definition of passive income.
Then, we'll address a crucial question: How can a middle-class person generate passive income? When you see the video about a rich person making 1.5 lakhs of passive income every month and that amount is covering his monthly expenses, it can be easy to feel excited and think that it should be easy to do the same. After all, your monthly expenses are probably much lower than theirs. However, there are some hard realities you need to know about passive income.
In reality, Creating a passive income stream is difficult for anyone, but it is especially difficult for middle-class people. It is important to be realistic about what is possible when it comes to passive income. It is unlikely that you will be able to generate enough passive income to cover all of your monthly expenses overnight.
Watch this video to get a complete understanding about the concept of passive income and why it is difficult for a middle-class person to generate a reasonable amount of passive income to meet his expenses.
Disclaimer:
The information and opinions expressed in this video are for educational and informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions. Additionally, I encourage you to do your own research before making any investment decisions.
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00:00 Passive Income Myth
04:04 Active & Passive Income
05:21 Passive Income Types
08:04 The Reality
© Pishukkan Episode 113
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8 июл 2024
