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As someone who has started down the path of growing a passive income stream, your article really resonated with me. I found myself nodding along to the points y
by sage_joch 15y ago
As someone who has started down the path of growing a passive income stream, your article really resonated with me. I found myself nodding along to the points you were making, since I have had similar thoughts many times before. But the parent comment made a good point: that money can be a powerful mechanism for shaping the world you want to see. I don't know the answer, but I will have time to think about it as I build out an income stream to support my living expenses.
- erejacob 15y agoYes, money can be an agent of change. Time also. Some may do best working in a traditional structure. Others do better on their own. I helped found a nonprofit organization during my first year of "retirement". However, I found that I could be far more effective on my blog talking directly to people instead of spending time writing grant proposals, so I quit the nonprofit.
- daniel-san 15y agoOut of curiosity, what does/will your passive income stream consist of? I have recently recognized how important passive income is to enabling my goal of fewer hours of labor, but I am frankly new to the idea and just getting started.
- sage_joch 15y agoDividend growth stocks, like PG, MCD, PEP, KO, LMT, KMB, WM, etc. They don't swing too wildly with the market (they even stayed steady during the recent down/upswings), and they generally increase their dividends at a faster rate than inflation. It's a sort of "get rich slowly" scheme, but it's fun to see a growing share of my expenses being handled by passive income.