Want to know the simplest trick to earn passive income? Invest. Now, notice I didn’t say the easiest and quickest way to make passive income, but let’s face it, investing is something we all know we should probably do.
I decided to grow up and start taking my finances seriously around 2015-2016 by the age of 29. After getting engaged and recognizing that our student loan debt was a serious problem.
Let’s just say I took some and ran with it. The advice came from a person who knew what they were talking about – as it pertained to their investment needs – but not my needs.
He loved talking about stocks. His information was highly accurate, but truth be told I wasn’t passionate or knowledgeable about playing with stocks or investing in general.
I learned that unless investing is YOUR THING, you will most likely lose money investing in individual stocks (Statistically speaking).
Discipline and Patience – those words do not describe me, or most people these days. While I only lost $100 in the stock market. I am glad I learned the lesson when I had nothing to truly lose.