The allure of passive income — imagine an image of cash flowing effortlessly into your account as you relax on a sun-drenched beach — this image has captivated many with dreams of financial freedom.
I think it’s important to clear up some common misconceptions: passive income isn’t just a fantasy for the wealthy or the lucky, nor does it require being a financial expert.
In recent years, I’ve discovered the wisdom of diversifying income streams (multiple streams of income) and blending active investments with more hands-off, cash-flowing methods. However, on the road to establishing these streams, I had many questions and challenges, especially concerning how to achieve this balance without adding more stress and pressure to my day.
This post originally appeared at NetPicks.