3 ms·
Passive implies less-than-full-time work, not "no work". It also usually requires a ton of unpaid work invested up-front (hence why most people never try it), a
by artursapek 9y ago
Passive implies less-than-full-time work, not "no work". It also usually requires a ton of unpaid work invested up-front (hence why most people never try it), and after it's established it should mostly just run on autopilot. There's obviously an ongoing maintenance requirement, as any system has. Often people outsource parts like customer support to further automate things.
Ideally the product is something you enjoy working on though, so the end result would be that
1. you have an income
2. you enjoy the work that you do have to do
3. you have a lot more spare time
- grondilu 9y ago> Passive implies less-than-full-time work, not "no work". Pretty sure passive really means "no work". Granted, it's a theoretical concept that in practice can only be approached, but "less-than-full-time" does not sound like a fair approximation. Some passive income can require less than an hour a month of "work" (basically doing some paperwork for your broker, filling your tax form or stuff like that).