Passive Income Online: Is it lot of work ?

I will be doing a series of posts on what it takes to have a sustained passive income.

There are a lot of misconceptions about passive income. The general view is that passive income is making some quick money without doing any work or doing something very quickly on the side. There are lot of “Money gurus” promoting the next “become rich quick without doing anything” scheme. Please do yourself a favor and do not fall into this trap.

In reality passive income takes lot of thought and hard work. People might say otherwise but that is the honest truth. The good thing is once you have laid a solid foundation then things should start rolling and you should be able to make money on auto pilot or with some tweaks. But make no mistake there is lot of initial work that needs to be done before you can reach this stage.

I know this is all “general” talk , but in the near future I will put in some specific ideas on how to get started.

In the meantime please read this informative article on TheSimpleDollar.