households use passive income to earnextra cash.
Both beginners and veterans in the game can go months and even years without a single dollar produced from passive income activities, making even the most astute entrepreneur shake their head in sheer and utter frustration.Īccording to U.S. It requires the upfront investment of a significant amount of our time, usually with little to no returns for extended periods. Related: 5 Ways to Generate Passive Income and Keep Your JobĬlearly, it's hard to generate passive income.
While the importance of passive income isn't often doubted, the monumental hurdle often required to achieve a respectable amount of cash flow from automatically-recurring revenue streams is often too great for most to bear. Passive income has long been the holy grail for entrepreneurs looking to free up their time, untethering the cord of daily duties and responsibilities from the potential to generate healthy monthly revenues.
