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Yes, people need to realize passive income doesn't mean boatloads of income, or a better rate of dollars to hours put in. It just means, income isn't tied direc
by jrs235 14y ago
Yes, people need to realize passive income doesn't mean boatloads of income, or a better rate of dollars to hours put in. It just means, income isn't tied directly to trading time for money. So you can make income while sleeping or not actively "working" trading time directly for money.
You're absolutely correct, most people that have some passive income have invested lots of time into their endeavors and the ratio of time/$$$ is a large number (IOW, if they broke down their hourly wage it's really crappy, sometimes and often less than minimum wage). Few achieve the opposite and the end goals relies on a long tail return.
Passive income might be $2.54 per month revenue due to affiliate links (i.e. Amazon)... which might not redeemable until you accumulate a minimum dollar amount to withdraw the money...