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I understand everyone's sentiment about Steve's blogs on earning passive income. If you look around his site he does have some interesting blog posts on things
by jrs235 14y ago
I understand everyone's sentiment about Steve's blogs on earning passive income. If you look around his site he does have some interesting blog posts on things like Polyphasic Sleep.
HN readers for the most part are probably not in need of his motivational/inspirational "speeches" and articles. And most understand the desirability of passive income but understand its challenges, obstacles, and reality.
Someone similar who shares Mr. Pavlina's strong beliefs and desires for everyone to achieve their life's goals and live every day to its fullest is Ramit Sethi (http://www.iwillteachyoutoberich.com/ http://www.iwillteachyoutoberich.com/) with his own book and numerous other "programs" like Earn 1K. Ramit recognizes and addresses the reality of passive income and recommends not going after it at first.
Both Ramit and Steve are excellent reminders and motivators to keep working towards your goals similar to 21times.org's daily email newsletters for startups.
UPDATE: I like what someone else said in another comment here. Paraphrasing it: Don't think of it as passive income, think of it as delayed income.
UPDATE: Let's clarify what we all really mean by "passive". It's not really passive as in "you don't have to do anything". What we mean is that we are no longer trading straight time for income. Our income potential is no longer limited to the number of hours we are awake trading our time for money.
UPDATE: The delayed income relies upon a long tail return. Often the amount of energy consumed to setup the long term tail is very similar to the amount of time and energy early (and bootstrapping) startups invest in hopes of recouping their time and money investment at a later date (and in hopes of that return being many times greater than what a hourly rated "job" would pay).