Well, it is very important for you to build passive income for your financial security. However, building passive income is not easy, in fact there are a lot of problems. One of the major problems is that building passive income can be time consuming. If you are trying to build passive income through investment, the time taken varies based on the investment type. For example. real estate investments can yield passive income quickly through rental returns. However, it might take a while to earn returns from stock market. Likewise, your own products may take longer to generate passive income for you.
Problems Associated With Passive Income
- Thread starter Mika
- Start date
In some countries, citizens who are having passive income are targeted for identity theft, especially if they are single and are not employed in any organization or business. Powerful politicians and officials are involved in the identity theft racket, spreading fake rumors and making the life of the person who has passive income hell. Married cheater couples are being encouraged to harass, criminally defame the single woman professional or investor to rob their savings, with greedy married women falsely claiming to be single.
I think one of the biggest problems associated with passive income is that you will have to keep on maintaining it but nowadays people think passive income is an opportunity to earn money without working forever, market trends changes and a products that has been giving you money might go out of preference for end users or it's a trend it might fade away etc.
It's always important to if you have a passive income to continue improving on it and keep on working on it to make it competitive and better else someone will as well take over your market or you'll stop making money from it.
It's always important to if you have a passive income to continue improving on it and keep on working on it to make it competitive and better else someone will as well take over your market or you'll stop making money from it.