1. Passive income is not as passive as you think
It is so called passive income but it is not as passive as you think. For stock investing, you need to constantly pay attention on the market condition but not for trading. In other words, you need to listen to the market info but filter out all market noises. You need to stimulate your investing strategy in my mind and computer over again and again but not really investing it. In other words, you need to spend time on master your own psychology and understand who you are.
For investment property, 9 out of 10 it is most likely negative gear in the first place and therefore you need to spend large amount of time to manufacture growth and boost up your rental income. Passive income is generated after your hard working.
For business model, there are a lot of maintenance works you need to do in order to survive in the market place. There are countless competitors try to take out your market share every day.
I will share with you second lesson I learn about passive income next blog.
It is so called passive income but it is not as passive as you think. For stock investing, you need to constantly pay attention on the market condition but not for trading. In other words, you need to listen to the market info but filter out all market noises. You need to stimulate your investing strategy in my mind and computer over again and again but not really investing it. In other words, you need to spend time on master your own psychology and understand who you are.
For investment property, 9 out of 10 it is most likely negative gear in the first place and therefore you need to spend large amount of time to manufacture growth and boost up your rental income. Passive income is generated after your hard working.
For business model, there are a lot of maintenance works you need to do in order to survive in the market place. There are countless competitors try to take out your market share every day.
I will share with you second lesson I learn about passive income next blog.
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