Passive income has become the catch phrase to gain financial freedom. Can passive income last you a life time? Are they truly passive?
In my opinion, passive income cannot last forever. For example, a company can close down and gone your cash cow. A MLM company can close down due to recession/depression. A youtube video or blog can run out of consistent clicks to generate "click" revenues. Renting a room is subjected to supply and demand, and changes to government policy. A book royalty you get from every book being purchased depends on how long the popularity of the book will be. And ETC.
In conclusion, you have a work hard to achieve a certain period of passive income and continuously look out for opportunities to create them. The multiple stream of income does not mean it will be forever in-flowing to your bank account! LOL Sustaining the passive income is the hardest. Arm yourself with skill that create wealth is the most important.
In my opinion, passive income cannot last forever. For example, a company can close down and gone your cash cow. A MLM company can close down due to recession/depression. A youtube video or blog can run out of consistent clicks to generate "click" revenues. Renting a room is subjected to supply and demand, and changes to government policy. A book royalty you get from every book being purchased depends on how long the popularity of the book will be. And ETC.
In conclusion, you have a work hard to achieve a certain period of passive income and continuously look out for opportunities to create them. The multiple stream of income does not mean it will be forever in-flowing to your bank account! LOL Sustaining the passive income is the hardest. Arm yourself with skill that create wealth is the most important.
