Truth About Passive Income

CuteCash

New member
In most cases, significant amount of effort must be put in the start for later periods to be fruitful. Therefore, prepare to work in the initial stages to enjoy the fruits of your labor as you sleep with passive income.
 

Imtiaz27

New member
You can also get 34 LGX = $ 5 by accounting through someone's referral in Legion network. Even if someone else joins your referral you get 34 LGX = $ 5. Accounts can be made here without referrals but, if you do account without referrals you will not get 34 LGX = $ 5. You can also earn 63 LGX by clicking on Empower from home and viewing the ad. You can earn unlimited income by playing games as well. In fact, the job here is to make income by referral. You will not be able to see your income Coin in the main balance by opening the app. For that you can go to your profile and click on claim reward to see your balance. However, you cannot claim that before March 1st.

Now let's get to the real thing. Network is real or fake? After opening the Legion network app and going to the wallet, you will see an option of Smairt chain. From March 1, you can withdraw dollars through that smart chain wallet.

Reffer Code: nSMTXPu

After logging in to the account, if you see the text that your account has not been verified, then click on resend email from the same login page, then after verifying the account, a page will open, then click on play store or apple store, then open the app. Do. Then you will see that your problem has been solved. Any other problem message in the inbox.

Some tips:
Install the Virtual Android app and from there you can take your own referrals. We hope you find this post useful. Thank you.
 

goodmoneygoodlife

New member
I don't think there's such a thing as passive income.
Suppose you do a 8hr/day job and earn $200K. With 262-day work year you get about 2096 hours work in/yr.
This is "active income" because you make $200K over 2096 hours and you can easily find a $/hr from that. Or 200000/2096 = $95/hr.

Now suppose you have to work 16hr/day in a business for 1 year. $0 income. Then you have to work 16hr/day in second year as well. No income. On the third year, you just have to work 1hr/day you don't have to do much and your business spits out $100K/yr. The fourth to 10 years are the same. So, a very easy year 3 to year 10.

Your dollar per hour:
16*365*2+365*8 = 14600 hours in 10 years. I say 365 instead of 262 because business owners don't take vacation generally speaking.
800K income in 10 years. (800000/14600 = $54/hr).

As you can see, your $/hr isn't infinite, no matter what. So there's nothing like 'making money while you sleep'.

Also, business landscape changes all the time, forever. Nothing is ever passive. You can score a very high $/hr, but you can't ever have passive income. If your income is 'passive', it just means you're not doing the necessary things to run your income stream. It'll shrink to nothing soon enough since your competitors will just do a better job than you.
 

Caramelle

Active member
The truth about passive income is you usually have to work hard to have them. Stocks may bring you passive income in the form of dividends but you'll have to work hard and discipline yourself to save money and invest wisely in stocks. Your blog could be earning well from Adsense but you have to write tons of articles and do heavy research to come up with compelling content. In addition, you'll have to pay for domain and hosting to make it possible. When you factor in the investment in time, money, and effort to build a passive income stream, you'll realize that it's not passive at all.​
 

Sherifshorg

New member
I am in total agreement with you Caramelle. Hard work is the secret way to success in passive income as nothing comes so cheap these days. Regardless of the passive income you choose, be prepared to put in extra effort.
 

Chibson

VIP Contributor
Anyone who is able to set up a very good passive income stream on the internet will probably make a lot of money from it but the thing is that majority of people who wants to make passive income on the internet actually do not know how to go about it.

If you go to YouTube you will see a lot of videos telling people to make passive income by just doing simple tasks but that is not the truth. If you want to make money passively you actually need to work very hard and set up a system that will be generating money for you even when you are sleeping.

One of such businesses is Amazon Kindle publishing. Amazon Kindle publishing has actually come to stay because it has been in existence for a very long time and a lot of people have been able to capitalise on it to make a lot of money for themselves. If you have proper knowledge of how to publish your books on Amazon then you will definitely be making a lot of money passively.

Having a YouTube channel is also another good way of making passive income because there are several people watching your videos even when you are not active
 
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