[_nivlac_]

Great read. Didn't realise how widespread this was, and I know someone who is stuck in this system.

How would you approach someone to help them out of it? Don't think I can just throw them this article and say "you're wrong".

[pas]

the obvious problem with any such scheme is that things are already priced in.

if it would be so easy to build personal passive income businesses hedge funds would be going around recruiting people and funding them. or the government. or the Effrctive Altruist.

but most small business are bad, inefficient, hard to scale them, etc.

(that doesn't mean there are no way to make money this way, but economically those boil down to bets. sure, sure, the aforementioned fancy investment funds also do bets, usually more sophisticated ones, and who doesn't, right? unless you are actively building a bunker somewhere around the Darién gap and recruiting people to your doomsday cult you are betting on the global economy chugging along.

but! eventually one has to price in risks-weighted return, and usually "passive income" is pretty poor compared to a boring job that pays really well.)

[Tcehrarzy]

Actually it also reminds me of one of my friends. He is doing everything very shallowly and yeah, chasing passive income, but never succeeded on building anything lasting. I think the only way is to realize that labor and work is some basic human conditions like what Arendt said before, then you start to have some awe towards work, which is not something hated by passive income chaser.

This is a good article indeed.