There is a post that I saw by Jared Seah on passive income that I thought I will share it with readers: What is passive income?
One of the things that I kept hearing again and again in various wealth building conversations is the idea that they channel more and more to stocks and shares or property to get passive income.
Some how or rather people are sold the idea that building wealth is rather easy. There is that magic pill that allows you to get something and reap the benefits without doing much work work.
Jared highlight the best example of someone enjoying dividends by virtue of having a certain surname. That is rare.
Most wealth building vehicle is hard to be truly passive. In all wealth building there tends to be 2 levels of work: the initial upfront effort to build up the competency, and secondly, the recurring ......