4 ms·

If there was some method of turning a skill into passive income with any reliability, people would replicate the idea again and again and so get 1,000,000/month

If there was some method of turning a skill into passive income with any reliability, people would replicate the idea again and again and so get 1,000,000/month eventually. You're asking for the impossible.

jasonkester 13y ago
False. Imagine you had a magic formula to create businesses that make $5,000/month and only take up 10 hours/week of your time. Wave that wand once and you have a $60k salary and a thoroughly leisure class lifestyle. Wave it twice and you're living quite nicely without really breaking a sweat. Most of us stopped there. Notice that every time you use your magic formula, you take away another chunk of your free time. By the time you've done it four times, you've got a full time job. That's the reason most of us are smart enough not to build $1,000,000/month worth of micro businesses. If that's the sort of money you'd prefer to make, you'll need to find another way to get it. But don't knock the magic formula. It works really well. You'd be doing yourself a disservice to believe otherwise.
- deleted 13y ago
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- aaron695 13y ago
  I think you've miss read the question > I have 1-2 hours daily that I can spend on any project/activity that will, after some work, generate $1000/per month net in passive income. $1000/28days at lets say 1.5hours = $23 per hour. So I'm guessing they are not wanting to do the 1-2 hours per day once it's up and running, because $23/hour is not passive income.
sneak 13y ago
Uhh, it's called a tech startup. Just because most of them fail doesn't mean it's asking the impossible. This very site exists because even a tiny positive hitrate is sufficient for significant positive return. Everything from AdWords to Uber is just "people replicating the idea" into $1M+/month.
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4 ms·

If there was some method of turning a skill into passive income with any reliability, people would replicate the idea again and again and so get 1,000,000/month

by mynameishere 13y ago

jasonkester 13y ago
False. Imagine you had a magic formula to create businesses that make $5,000/month and only take up 10 hours/week of your time. Wave that wand once and you have a $60k salary and a thoroughly leisure class lifestyle. Wave it twice and you're living quite nicely without really breaking a sweat. Most of us stopped there. Notice that every time you use your magic formula, you take away another chunk of your free time. By the time you've done it four times, you've got a full time job. That's the reason most of us are smart enough not to build $1,000,000/month worth of micro businesses. If that's the sort of money you'd prefer to make, you'll need to find another way to get it. But don't knock the magic formula. It works really well. You'd be doing yourself a disservice to believe otherwise.
- deleted 13y ago
  [deleted]
- aaron695 13y ago
  I think you've miss read the question > I have 1-2 hours daily that I can spend on any project/activity that will, after some work, generate $1000/per month net in passive income. $1000/28days at lets say 1.5hours = $23 per hour. So I'm guessing they are not wanting to do the 1-2 hours per day once it's up and running, because $23/hour is not passive income.
sneak 13y ago
Uhh, it's called a tech startup. Just because most of them fail doesn't mean it's asking the impossible. This very site exists because even a tiny positive hitrate is sufficient for significant positive return. Everything from AdWords to Uber is just "people replicating the idea" into $1M+/month.
- deleted 13y ago
  [deleted]