Hey peeps,
I’m curious to know what you all think is the hardest part of building wealth passively, especially when you don’t have extra money to start. Any advice or tips?
Hey peeps,
I’m curious to know what you all think is the hardest part of building wealth passively, especially when you don’t have extra money to start. Any advice or tips?
Mack said:
Everything needs some kind of money to get going. I believe that because having some cash can solve a lot of the problems you face starting out.
Can’t you invest your cashback?
@Vesper
That’s a good point. If you found a way to do that passively, I’d love to hear how!
Chen said:
Everything
Could you be a bit more specific?
Yes, you can build a personal brand with zero dollars, but it’s a harder path to take.
Jordan said:
Yes, you can build a personal brand with zero dollars, but it’s a harder path to take.
Does the same apply for passive business activities?
Jordan said:
Yes, you can build a personal brand with zero dollars, but it’s a harder path to take.
Does the same apply for passive business activities?
Building a brand takes time, and you hope to monetize it later. That’s when passive income can come in. It’s tough with zero dollars unless you’re a hustler, and not many people have that drive.
@Jordan
I get it. Is there a way to start investing or building something passively from day one without dipping into my income?
Greer said:
@Jordan
I get it. Is there a way to start investing or building something passively from day one without dipping into my income?
If you figure that out, let me know too!
Greer said:
@Jordan
I get it. Is there a way to start investing or building something passively from day one without dipping into my income?
Investing without putting anything in is tough. But take a niche you’re good at, like growing tomatoes. You could blog about it, give tips, maybe even start a podcast from your phone. Build an audience and eventually monetize with products, guides, or even just asking for donations. It’s not fully passive at first, but over time it can grow into something.
@Jordan
Starting from scratch is hard, but sharing your knowledge can help build a brand or audience. It’s slow at first, but even a little revenue from ads or products can get things going.
Merritt said:
@Jordan
Starting from scratch is hard, but sharing your knowledge can help build a brand or audience. It’s slow at first, but even a little revenue from ads or products can get things going.
Exactly. I struggle with execution, but I know if I put the effort in, it could work.
The biggest challenge is not having any money to start with.
Reeve said:
The biggest challenge is not having any money to start with.
Can’t you start with cashback?
Nate said:
The hardest part is starting without any extra money.
Why not start with cashback?
The hardest part is getting the initial money to start.
Brady said:
The hardest part is getting the initial money to start.
What about starting with cashback?
Brady said:
The hardest part is getting the initial money to start.
What about starting with cashback?
Yeah, cashback could help. Churning marketplace deals for low-cost or free items works too.
Starting with zero to invest is really hard. It takes so much time because you have to work around paywalls. Eventually, I spent money to make money, and it paid off—made me over 90K!
Invest a little money or your time into something that produces income, then reinvest that into passive income assets.