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by sixstringtheory 522 days ago
OK, but TFA is about the work part, not the passive part, despite the title. Even having a “portfolio of revenue generating products” will require work to maintain. Maybe full time or more so, depending on if you used log4j or an SSL cert from a provider that screwed things up, say. Or built on a fickle platform like reddit, twitter or Apple that changes the fundamental rules every so often. Just because you don’t have a boss that will fire you for not waking up for on call during an outage, doesn’t mean that outages won’t happen or need to be fixed.

It reminds me of people that consider buying a second home and rent out the old one to gain “passive income”, not realizing how much work it can be to be a good landlord.

1 comments

I feel like "passive" income is anything that takes under 10 hours a week once it's up and running. There's rarely any opportunity that can be considered passive if your definition is 0 work ever once it's going. The only thing that [might] fit into that slot is investment dividends.
I don’t know if it’s 0 for me, but it’s definitely way less than 10 hours per week.

I have ETFs and a HYSA that I basically never look at. That’s passive.

yeah I guess if passive means no ongoing work (beyond what it took to get them in the first place) then you're right. OP is playing a bit loose with the definition if that's what it's supposed to mean.