The Truth About Passive Income
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The Truth About Passive Income
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This podcast episode script, "What Is Passive Income (and What It's Not)," offers a comprehensive exploration of passive income. It begins by distinguishing legitimate passive income, which requires upfront work or capital but minimal ongoing effort, from misleading claims and scams. The script then outlines a spectrum of passive income, ranging from truly passive investments to those requiring more active management, and dispels common myths like requiring no work or promising quick riches. Finally, it identifies real passive income streams and provides actionable steps for building a sustainable strategy, emphasizing patience, diversification, and integrating passive income with active income.
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