Having been super broke in the past, I’d recommend increasing your primary income first. It’s infinitely easier to have one good paying jobs than two low paying jobs.
Passive income (in the forms that it actually exists, and isn't a scam being sold by someone who makes their "helping" people create passive income) requires long-term thinking, and it's nearly impossible to make good long-term decisions when you're worrying about rent money or your next meal.
If you work full time, focus on getting a raise, a new job, or changing industries.
If you're a freelancer or consultant, raise your rates, or fire a shitty client to make room for a good one.
If you don't know how to do these things, you're not alone, and there's no shame in asking for help.
_Reliable_ income isn't necessarily a pre-requisite for passive income, but it's emotional leverage that most people try to skip past and never achieve either.
I have a job but not good salary and I can't change or ask for a raise right now because it is not possible. That's why I'm trying to find another source of income in addition to my current job. Thanks for taking the time to answer
If you’re willing to share, what is preventing you from finding additional work? You obviously feel married to a job that isn’t really working for you, and I’m wondering if you’re really stuck or just feeling stuck.
I'm stuck cz with my age and the skills I have, I can't find better job, I'm trying since more than 6 months to find better job but it didn't work out. So I was thinking about a part time job in addition to my main job. Kind of writing or doing hand made things. I'm just not sure what to do and where to start.
If you don’t have the skills to find a better job, consider using your free time to develop those skills. If you think of yourself as a student who has a job to cover living expenses, maybe you will feel motivated and excited. You have an opportunity to work towards a better life and have your costs covered by someone else. It’s all about how you look at it.
I made some aggressive investments in crypto this year, and they are paying off nicely… for now. I’m willing to pay the short term price of anxiety for getting these ridiculous returns, but there’s no way I’d recommend that someone put their meager savings into this stuff. I’m willing to take extreme risk, but I can also “afford” to lose the money. Even though the returns are technically passive, worrying about when to take my money out of a full time job. Sleep-at-night passive income only comes from making smart moves over time, along with inheriting money & getting lucky.
Any time I’ve looked into passive income, I’ve come to the same conclusion: the simplest and most effective way to increase my income is to focus my energy on improving my main career.
