Name: 3 Things You Need To Know About Passive Income
Uploaded: 2020-03-09T23:10:12.000Z
Duration: 4 min 40 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

There are three things that you need to know about passive income.

I've bean seeing a lot of comments and questions on social media from my fans asking me about passive income.

I want you to be educated and I don't want you to be scammed.

There's three things that you need to know.

Number one Passive income isn't always passive example in real estate, because that's an example that a lot of people use.

Well, you know, if I buy a piece of real estate, I buy property, then it is considered passive income well, but passive income isn't always passive When you own a piece off property, it is not that much different from owning a business.

There are responsibilities you need to do marketing.

To attract a tenant on multiple tenants, you need to filter and screen the tenants, making sure they are good.

If if there's anything wrong, I'm gonna fix the property now.

It doesn't mean that you know of a team, but there's work involved.

When effort you see on the Internet, someone is promising you, you can earn passive income with no effort.

There's nothing wrong with wanting to generate passive income.

What is wrong is you want income with no effort.

The second thing that you need to know is it takes time to develop passive income.

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Let's say you want to earn income through your block.

Yes, you could earn money by having a block and having a sense on your site.

Yes, you can generate been a bit of passive income from there without selling a product just by having advertisers.

You need to first developed the audience and you put it a time too right content and write the articles given time.

It could be months, sometimes years that you don't really see a lot of results until you get traction.

Number three passive income doesn't equal permanent income.

This is one of the most dangerous, dangerous things that people believe in the old.

Once I set up the passive income, I could just set it and forget it.

Just because you have got something that's coming in right now, that's passive.

But with that sustain, would you still have the passive in coming in a month from now?

Five months from now, eight months from now, a year from now, two years from now, just because his passive it doesn't mean it's permanent, right?

You need to put in the thought and time to make sure you're sustained that so they passive income is not so passive.

And if passive income takes time to develop and just because it is passive today, it doesn't equal permanent income.

What you want to do is you want to focus on maximizing your active income.

First, don't try to chase passive income yet maximize our active income first.

Once you earn Maur, now you can take some of that income and you could make investments and you can do other things that would throw off that would generate parts of income for you.

But if you're making very, very little active income, you're not even earning that much.

And you try to chase that passive income here and there.

So common below of this makes sense if this the first time you are visiting my channel, you're watching my video.

This is Dan Lock and I welcome you have a new fan, hit the subscribe button and turn on no vacation.

Every single day, I upload a video on various topics like this.

 Also, don't forget to share with one of your friends who are still chasing the whole passive income. 