When it comes to generating multiple streams of income, passive and residual income ideas are the cornerstone of a long-term financial plan. Making money while you sleep lets you pursue other ideas and goals, and if you can set up a bunch of different effortless moneymakers, you don’t have to work ever again.
Thousands of people make extra cash with side hustles and part-time gigs every month, but thousands more fail miserably at the attempt. If you feel like you’re putting effort into moneymaking gigs but getting nothing in return, maybe there’s a reason you’re failing.
Here are 7 reasons why you aren’t succeeding at making extra cash: