The Untold Truth about Passive Income🤑

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/readmedium.com/i-quit-my-9-to-5-and-now-making-100-of-my-income-online-be60716bf5dc">work another 2 years at my full-time job before quitting my job</a>. That goes to show you that making money takes time and not a get-rich-quick.</p><h1 id="f1ba">There is Passive Income</h1><p id="ab5a">Passive income does exist!</p><p id="1eb1">The truth is, people are not sharing the part where the amount of effort they have to put into building the passive income.</p><p id="b676">Take for example this account on Medium, I posted 3~5 content a day in order to build my followers and I got 100 within 5 days. And started making money from Day 7 to Day 15 which is $4 in total. I stopped writing because of my trip to Korea. However, I was still making money (about$ 0.20 a day) because of all the work I put in.</p><p id="9983">The important information that people don’t understand is getting a business or side hustle to make passive income. Which is how much time and energy it needs to start making money. Well, here’s my take!</p><h2 id="59fc">Start a Side Hustle</h2><p id="fea0">Every financial advisor typically recommends investing to make passive income. Unless you are already making a lot of money or have cash sitting on the sideline. Investing a few thousand a months isn’t going to get you to make passive income in the early stages.</p><p id="cc50">This is why I alway

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s recommend people <a href="https://hustleventuresg.com/category/side-hustle-101/">start a side hustle</a>. Side hustles are a great way of getting a secondary income. It can provide an exciting more enjoyable way of having an income. When done correctly, a side hustle can take over a full-time job income when it has scaled exponentially.</p><h2 id="d653">Side Hustle is easily more scalable</h2><p id="c458">A thousand dollars invested into the stock market gets you probably $100 a year in growth. Whereas for a side hustle, where you can start on Fiverr and Medium writing content for free, you could easily make$ 100 a month(maybe not on Medium in the early stage😅).</p><p id="b83a">I started <a href="https://readmedium.com/heres-how-i-created-5-different-sources-of-income-for-myself-8284c5b14fd5">my side hustle back in 2020 and currently run more than 5 of them to provide me income</a> because I was able to scale it. Do read my content on <a href="https://hustleventuresg.com/how-to-make-over-2000-a-month-online-as-a-teen/">how to build a side hustle to make over $2000 a month</a>, I assure you it would come in handy.</p><h1 id="dd5e">Take Passive Income Slowly</h1><p id="3e38">In order for passive income to grow exponentially, it requires time. A lot of it! So don’t expect your thousand-dollar investment to become a million overnight.</p></article></body>

The Untold Truth about Passive Income🤑

The recent mainstream media and society have indeed destroyed the word “passive income”. People are so foolishly cloud-chasing the idea of making money while you sleep without having to work for it. That’s crazy!

Throughout my entire blogging and content-writing journal(check out my website at HustleVentureSG), I hate to see writers succeeding in writing get-rich-quick stories to draw their audience. Sadly, those are the content that does well online.

Money Doesn’t Fall from the Sky

I am a finance blogger(Edmund; Founder of HustleVentureSG) who shares about personal finance and side hustles as a means to make more money. It took me over 4 years to grow my net worth to over $100,000 and I had to work another 2 years at my full-time job before quitting my job. That goes to show you that making money takes time and not a get-rich-quick.

There is Passive Income

Passive income does exist!

The truth is, people are not sharing the part where the amount of effort they have to put into building the passive income.

Take for example this account on Medium, I posted 3~5 content a day in order to build my followers and I got 100 within 5 days. And started making money from Day 7 to Day 15 which is $4 in total. I stopped writing because of my trip to Korea. However, I was still making money (about $0.20 a day) because of all the work I put in.

The important information that people don’t understand is getting a business or side hustle to make passive income. Which is how much time and energy it needs to start making money. Well, here’s my take!

Start a Side Hustle

Every financial advisor typically recommends investing to make passive income. Unless you are already making a lot of money or have cash sitting on the sideline. Investing a few thousand a months isn’t going to get you to make passive income in the early stages.

This is why I always recommend people start a side hustle. Side hustles are a great way of getting a secondary income. It can provide an exciting more enjoyable way of having an income. When done correctly, a side hustle can take over a full-time job income when it has scaled exponentially.

Side Hustle is easily more scalable

A thousand dollars invested into the stock market gets you probably $100 a year in growth. Whereas for a side hustle, where you can start on Fiverr and Medium writing content for free, you could easily make $100 a month(maybe not on Medium in the early stage😅).