Diversifying Risk & Building Passive Income
Manage episode 332087439 series 3328263
In the Latest Passive Buddies podcast we are covering Diversifying Risk & Building Passive income.
Diversifying risk is key to building passive income. Passively generating income means that you are earning money without actively working for it. For example, if you own a business, you are actively working for that business. If you are self-employed and have a side gig, you are also actively working for yourself. However, when you own property or invest in other assets, you are passively generating income that is not based on your own efforts.
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