Chapter 16
Ten Tips on Earning Passive Income from Your Side Hustle
IN THIS CHAPTER
Digging into the realities of passive-income side hustles
Avoiding scams and too-good-to-be-true side-hustle traps
Preparing for the possible highs and lows of your passive-income side hustle
Passive-income side hustles sound like a dream come true — at least on paper. After all, doesn’t the term passive income mean that you basically sit around and collect money for doing nothing (or almost nothing)?
Not so fast! Passive-income side hustles are probably the most misunderstood aspect of the whole side-hustle game. The following ten tips are crucial to helping you work passive-income side hustles into your own portfolio while at the same time avoiding the traps that are waiting to grab you.
Remember That “Passive” Does Not Mean “No Work Required”
The biggest misconception about passive-income side hustles is that you collect money for doing little or no work, ever. So basically, as the classic rock band Dire Straits would put it: “Money for nothing.”
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