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3 Questions To Ask Before Deciding On A Passive Income Idea.
Passive Income Is A Result Of Wealth Creation Not The Cause, If You Cannot Produce Active Income From Your Side Hustle, You Won’t Be Able To Make Passive Income, But You’ll Try Anyway.
Every side hustler has dreamed of to some extent of turning their “pet” projects into a passive stream of income, so they take on the next thing and not have to worry about maintaining their lifestyle or the guilt from going from one idea to another without making progress in anything.
However, way too many side hustlers also see passive income as a shortcut to generating wealth when it’s just a sign of it, not the cause.
The truth is that if you can’t make active income from your side hustle idea than it’s almost certain that you won’t be able to make passive income from it. This is because passive income is created overtime, not just in the sense of time, but even more so in regards to a business’s level of operation.
And we all know this to some extent as we hire people to do tasks for us that we don’t want to or can’t do (as well) to make more time for taking on new streams of income or growing their current one.
