I’ve been hearing a lot about “passive income” lately – the dream of earning money without lifting a finger. While the idea sounds enticing, I think it’s important to demystify this concept.
In reality, what many label as “passive” income usually requires significant upfront effort, continuous oversight, and regular adjustments. Whether it’s writing a book, setting up an online course, or investing in stocks, none of these avenues guarantee income without some level of involvement.
It’s easy to get enticed by online gurus painting a picture of lounging on beaches while checks roll in. But behind every “passive” success story, there’s a tale of hard work, persistence, and constant learning.
Does this mean passive income ventures are not worth pursuing? Absolutely not. But let’s approach them with realistic expectations and the understanding that no reward comes without effort.
What are your thoughts and experiences on this? Would love to hear from the community!
It’s the wantrepreneur myth of the magic money machine. A search for a loophole or workaround for, well …work. There’s nothing interesting about it.
You won’t educate that. You can’t advise that. There will be no end of, “yes, but…”
Wantrepreneurs fancy themselves as smarter than the average working stiff, a wise-guy. They make the thugs smashing open parking meters for quarters look like geniuses.
Nothing like an average Joe, telling you…
“You know what you should do…”
When it comes to running your business.
I usually tell them to front me the money, lol.
Upfront effort will exist with literally anything. Or upfront cost. But I have a couple websites that net me about $1k per month and I don’t do anything at all anymore lol. Like actually 0 effort. The money goes directly to my high yield savings account too so I guess the only other piece is filing taxes, which I have to do anyway as an individual
This is why I don’t actually mind all the course hawkers who prey on these people. Folks who fall for “I makes $1m a year doing X and now I want to show you how to do X for the low low price of $899” lack any critical thinking skills.
It does exist though r/thetagang
It exists for the ultra-wealthy–people that on paper are the CEOs of a dozen companies each but in actuality spend their days posting on Twitter or going on “business retreats”.
It doesn’t exist for the peons like you and me.
Pretty much. We should market to those people with random crap ideas and strategies to make free money. We should sell them classes and workshops! Think of how much money we can make from those suckers! We can call our selves mentors and gurus :D.
No but really my “passive” income is 24/7 on call asset ready to yoink away all my free time at a moments notice. lol. 😂
Listen to AM radio sometime, there’s already a steady stream of grifters targeting the dumbest people.