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I completely agree with this. Generally, completely passive income is massively harder and more time intensive to generate than minimal-time-investment income
by thenomad 12y ago
I completely agree with this.
Generally, completely passive income is massively harder and more time intensive to generate than minimal-time-investment income (which is what Patrick suggests above). I have both completely passive and minimal-time-investment income sources, and the passive ones have been MUCH harder and longer work per dollar over the last few years.
Focus on optimising your $/hr (and your hr/month) rather than going for hr == 0 and you'll likely hit your goal much faster.
- michaelmior 12y agoI'm genuinely curious how "passive income" is defined if it takes significantly more time.
- graeme 12y agoYou invest time up front, then reap the rewards. Residual income may be a better term for what most people call passive income. Most of my income is residual, and I love it, but there was a big hump to get over at the start.
- michaelmior 12y agoThanks for the clarification. That makes sense to me :)
- swah 12y agoI had never read your story - very interesting. (Also cool that you're here on HN). I first heard about Machinima in the Seananners' videos, and now they (you?) appear to be dominating the game market on Youtube. I was surprised the other day when a brazilian (talking in portuguese) had a Machinima affiliation in his video.