The term ‘passive income’ is a misnomer.
When heard, it sounds like it takes just a small investment to produce results:
Small Investment = Profits
Passive implies that you must exert very little effort to create cash flow.
Often, though, the formula for passive income streams look more like this:
Research + Hours of Upfront Work + Small Investment + Regular Maintenance = Profits
It’s rare to find an income stream where no work, especially upfront, is required.
That shouldn’t deter you from seeking out these strategies.
It’s just best to know what you’re getting into before you commit to swimming in that stream.