Is it possible to live off of passive income alone?
If you live off of passive income alone, how did you do it? What steps did you take to get to that point in your life?
I believe it's very much possible!
I haven't done it but I am gradually working my ways towards that so I believe that in no distant time, I will be coming back here to announce to you how I did it!
The good news is that, from what I am seeing already, achieving such a realm is not even that difficult!
I believe it's possible, but getting there is a challenge. Most people who live off passive income have some sort of product on the market that can continuously be 'discovered' by new buyers. For example, some authors can live off the passive income of their books, but that's after they've had the help of an agent, publishing company and the buzz surrounding new releases and adaptations. Passive income is entirely viable, it's just incredibly difficult to get the amount of exposure necessary to make that much. Some people can do it alone, but they arguably spend more time marketing and making connections than they do creating new products.
It's certainly possible but not easy to achieve. With HubPages you will likely need several hundred or even a thousand high quality traffic generating articles. Even so, there are plenty of people on HubPages that have made thousands of dollars. Even if I could live off of the passive income I wouldn't risk it. The world wide web is a volatile and your income could disappear if Google decides to change their search algorithm one day.
by Casey Johnson 2 years ago
Does anyone have any good ideas for making passive income?I've transitioned over from working for the man and I now stay at home and let money work for me. Do you have any good ideas that you would like to share on how you make passive income?
by anubee 8 years ago
Do you believe in the power of passive and residual income? And if so why should everyone...implement it?
by Jennifer Crowder 7 years ago
I wrote 2 hubs on passive income but I want to know passive income in your own words and how much you are making on passive income??
by InterestCaptured 6 years ago
How can I increase my passive income (excluding Hubpages)?
by Jessie Watson 9 months ago
At what age did you start thinking more about your financial future? And how did you go about building a savings? (Set aside circumstances and socioeconomic details. Some responses may be subject to the cohort effect. I'm more curious about the personal decision to be more fiscally responsible and...
by MountainManJake 5 years ago
What is the best way to make passive income?
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