Like me, many others would love to have a passive income or a secondary income that can help pay their daily expenses. If you search on Google or YouTube, you will find thousands of people with their blogs and videos claiming that they are earning a good passive income, some even say that they are earning a few hundred to thousand dollars daily.

People like you and me who are looking for such passive income opportunities will read such blogs or see such videos, and will try to implement the same.

The most searched keyword for passive income is Online earning, there are tons of blogs and videos on online earning, and how online earning has changed their life. Some have become billionaires, some have become millionaires with the help of online earning. But is this real, have people earned so much that they are billionaires now?

The truth is a little bitter, it is really hard to earn so much that can replace your current job or your primary source of income, this is the fact and everyone should accept it. There is just less than a 1% chance that you will become a millionaire or billionaire by passive income via online earning. Moreover, this will not happen overnight, it will take years to come to that position, or if you are lucky you can achieve that in a few months.

99% of people will earn a few dollars and then they will leave it, in that 99% also there will be very few who will continue their second source of income. Running after the passive income can be very dangerous to your life, your health, and to your family.

Let us check out why a secondary income can impact your lifestyle.

Disadvantages of Passive Income

Work Pressure

Since now you have decided that you will have 2 sources of income. First source of income – It will be your 9 am – 5 pm regular job or your primary business. The second source of income will be your passive income like blogging, affiliate marketing, Freelancing, social media marketing, etc. Since you will be occupied with your first source of income for at least 10-12 hours, you will get only a few hours to work on your secondary so-called passive income. There will be a lot of pressure on you to make at least a few dollars from this passive income source.

Impact on Your Health

Since in a day, you will be working for more than 14-16 hours as you will be busy with your primary job in the morning and in the evening you will be busy with your secondary source of income, you will get tired. This tiredness can lead to a lot of health issues like stress, heart issues, mental illness, and obesity. Also, some don’t like working after their office hours, they prefer working on weekends like Saturday and Sunday. This means a person who is eager to have a passive income will be busy for all 7 days in a week.

Separation from the Family

Since you will be busy with your primary and secondary source of income. You will hardly get any time for your family. This can create a lot of issues, and misunderstandings between you and your spouse if you are married. You will not have a good quality time with your children and parents. This will move you away from your family. I have personally experienced it, it was a nightmare for me. I used to give only 2-3 hours a month to my children, and this impacted my family relations with my wife, parents, and children.

Your priority will change

You have only one priority now, and that will be to earn a good income. To achieve this you will sacrifice a lot of other professional and personal priorities. Your focus will get changed, your goal is to just earn money from the secondary source of income.

Impact on your professional life

Going after your secondary source of income or passive income will impact your professional life since you are devoting more time to your secondary income. Also, when you are working for your main source of income, though you are physically present your mind is towards the passive income source, on how to earn more with less effort.

Now, you have read that there are many disadvantages of starting and implementing a passive income source, but then how 1% are earning daily, what is it that they are following and we are not following?

Let us see a step-by-step approach.

Before selecting a passive income source, one should do complete research on how much time one should invest when one will start earning, and if is there any investment required.

Once we have all the answers, check out people who have started their earning by using these passive income sources, read their success stories, and their success roadmap.

Create a thumb rule that in a day you will only work for 1 or 2 hrs daily. Or you will only work for 2-3 hrs every weekend, this will also not impact your present professional life.

Read blogs and videos about the passive income source that you have selected, this will not harm anyone.

At the start do not expect too much, for a few months even if you are not earning a single penny, don’t panic. Passive income is a slow process, and it will take time to establish. People who have become billionaires were not billionaires from day one, they worked for years. So do not expect thousands of dollars from day one.

If the selected passive income source is not generating a good income, even after spending days and weeks, switch to another do not waste your time.

Let us see which is the best passive income source.

Starting a blog, earning money through Google AdSense and guest blogging.
Start your Youtube channel monetize it, and earn from ads.
Start freelancing. If you are good at a particular skill, use that skill in freelancing sites like Fiver, and Upwork.
Start affiliate marketing, if you are good at promoting goods and services, then start affiliate marketing. Amazon, Hostinger, and Clickbank are some of the good affiliate platforms
Create an online store, start your online store through Shopify, and start selling your digital products.
Create an online course, if you are good as a tutor then create and sell your online courses. There are many platforms like Udemy, Teachable, and Coursera.

My main motive in this blog is not to scare your but to show you the real facts, please do not be in a myth that if you start a passive income you will be rich in a month. If that would have been the case then everyone would be starting a passive income.

There are many youngsters who have recently started their careers are eager to earn more, and therefore they keep looking for passive income opportunities, this blog is for them.

Like I said earlier, Passive income is a bitter truth that everyone has to swallow even if you don’t like it.

Do check out my other sites if you are looking for online earning and passive income.

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Bitter Truth of Online Earning | Real Face of Passive Income