Myth: Passive Income Requires No Work

Many people believe that passive income streams allow them to make money without doing any work. The idea of “set it and forget it” appeals to those who want effortless earnings, leading to unrealistic expectations.

Passive income does require work upfront, whether it’s creating a product, building an audience, or establishing a system that generates income over time. While it may eventually become low-maintenance, initial efforts are essential for success. For example, creating an online course involves research, planning, filming, and editing, while a successful blog requires consistent content and SEO optimization. Even with investments, monitoring and adjustments are often needed. Passive income requires foundational effort, but it can eventually generate revenue with reduced day-to-day management.