December 18: Passive Income Requires Effort

People that understand the concept of passive income often get fooled into thinking it requires no effort. That's why pyramid schemes work. They promise riches through passive income, but they ignore a couple of fundamental principles:

• You must make an initial investment
• Your investment must provide value to the marketplace

Acquiring passive income should be one of your primary objectives. Make sure this income is a result of an initial investment that leads to value for others, otherwise it is probably a scam.

How could you invest today to receive passive income in the future?