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!
This is so vague. I was really interested in reading this because I mostly agree. But you didn’t provide any examples or talk about the actual efforts usually required to get income from a business.
If I was to wager, I’d say this is partly written by AI. Vague statements with little substance.
So I’ll add my two cents to this. Passive income is possible but it still requires some type of effort. I used to have a web application that would return me thousands of dollars a month. It required very little maintenance. Aside from the initial effort which was probably a Year’s worth of development work. I basically only touched the app maybe once a year for maintenance.
Also, if you’re wealthy and open your own brick and mortar stores and hire others to run it for you, it’s also possible there as well.
So yeah, in my opinion passive income as possible but it is a rare thing.