Many people want an income that automatically comes into their account without them having to do anything. However, most people take the wrong path at the beginning to achieve passive income.

For example, they follow adverts that promise up to €1000 a month on the side for having adverts stuck on their car. This is often just a scam. The telephone number given is a costly 0190 number, or you have to join an association and pay a fee. However, the adverts never actually appear on the car.

Financial experts encourage society to create multiple sources of passive income. As soon as the total amount exceeds the monthly expenses, you would be on the right track.

That sounds good in theory. Until you try to build up passive income and realise that it's not that easy.

Why does it often not work and what can I do to really build up passive income?

The one reason many people fail when trying to build passive income is because of the term "passive". When they hear the term, they think they don't have to put in any work at all and the money will just flow in. They adopt a false mindset. They look for ways that are easy and effortless and as a result don't see the real opportunities to build passive income.

The other reason is that financial experts advise creating multiple sources of income. The word "multiple" throws many people off the right track. They look for too many small sources of income and lose the overview.

What the experts don't tell you is that you should first create ONE source of passive income, and only then use that income to invest in other sources. You have to invest to build passive income. The average earner cannot afford to invest small amounts in too many projects at the same time, because the small projects usually do not generate enough profit.

Focus all your energy and capital on ONE goal before you take the next step.

Once you have found a method, you can concentrate on multiplying it.

If you are successful, you can sell your idea to others, not for a lump sum, but for a small percentage of their monthly income. And then you have another source of income.

It is impossible to focus on many small opportunities at the same time while optimising the method. With an optimised method, you maximise your profit.

I'll give you an example to illustrate this:

Farmer A sows one hundred different types of vegetables. As each variety has different care requirements, it is impossible to give each plant its optimum care. Some may grow quite well but never reach their full potential, while others will die due to inadequate care.

Farmer B only sows a small selection of vegetable varieties. This allows him to give each one optimum care and harvest high-quality vegetables. He can sell these at a higher price than farmer A. With the profit he makes, he can invest in more land and more labour and make more profit the following year.

The problem in today's society is that a lot of things only happen superficially. Even advice from famous experts is often superficial. If a book with a catchy title like "From dishwasher to millionaire in just three days" sells as a bestseller, the author doesn't need to put too much effort into the content. He writes what people want to read, not what reality is.

So don't necessarily trust that everything you see, hear or read is true. Cast a critical eye over everything and filter out the core message. Just like this article. Be critical and try to understand what you have just read and form your own opinion.

In the case of passive income, don't focus on the word "passive". Be prepared to put in a lot of work first in order to reap the rewards later.

To summarise briefly, there are two points you need to pay attention to when creating passive income:

* invest enough work to optimise the method of your choice and maximise profits.
* Concentrate on one thing that you can reproduce if you are successful.