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Looks great. But is this passive income? It looks like you've invested a lot to get this off the ground, correct? How much time do you spend on this, let's say
by pan69 14y ago
Looks great. But is this passive income? It looks like you've invested a lot to get this off the ground, correct? How much time do you spend on this, let's say per week?
- sprobertson 14y agoPassive income generally means that hours spent don't directly translate to dollars. All passive income solutions (that I know of) require some initial investment. Maybe "time-scalable income" would be a better term?
- pan69 14y agoI understand that. But if you spend 80 hours per week on it, is it still "passive" or do you simply have two jobs? To me the idea of "passive" income is that you might spend a certain amount upfront but after that initial push it doesn't require a lot of attention, i.e. passive.
- sprobertson 14y agoWell if he's spending that much time on it, then yeah I'd agree, not passive. In the interest of naming arbitrary cutoff points I'd call anything more than 10 hours a week not passive.