Myth: Passive Income Means No Effort is Required
The idea of passive income is often misunderstood as requiring zero effort or maintenance.
While passive income can reduce active workload, most sources require some initial and ongoing work. Real estate investments, for example, need property management, and dividend-paying stocks require market research. Passive income strategies like affiliate marketing or digital product sales require audience engagement, marketing, and content updates. While less time-intensive, passive income usually involves consistent effort to maintain and grow. Successful passive income generation involves a realistic understanding of the ongoing responsibilities to sustain profitability.