Aug 17 in General discussion
Passive Income
What is your guys idea of passive income?
I feel like way too many people don’t have the concept correct
EX. If you have to do work to make the money, it’s not passive.
ATM Business? SEMI passive unless you outsource EVERYTHING. Meaning people find locations for you, people install your ATMs, and people fill your ATMs with cash.
Trading? SEMI passive unless you have a robot that trades for you and you don’t have to do anything but deposit more money into your account. But if you have to wake up everyday and do analysis, press buttons, manage trades, that’s not 100% passive.
Hiring a team of virtual assistants from the Philippines to run a YouTube channel that doesn’t show your face and you make money with views, ads, sponsorships, brand deals, etc. THATS passive income
You had to do no work and your money works for you forever.
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Passive Income
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