Putting money in holdings like stocks, funds, and other investments seems like the closest thing to “passive income” based on how I would expect “passive” to be defined. It’s getting paid to park money in something for some time. If it’s simple investing like in mutual funds and ETFs, then almost anybody could handle the level of personal resources that goes into maintaining that source of income which is mostly just checking the performance and filing taxes once a year (pretty much this could be accomplished with price notifications and something like turbotax).
I don’t know, maybe that kind of “passive income” is no longer cool or desirable.
Every form of passive income requires periodic blips of input, but the magnitude and frequency of those blips could vary a lot depending on the business. There’s some forms of passive income that are really like part-time jobs or require a full-time job worth of effort to launch something. These don’t seem very passive to me.
I see people preach on the internet how they found some golden opportunity that lead to raking in thousands of dollars on a monthly basis with minimal oversight. I’m sure instances of this exist, but frankly I think there’s a lot that is still unsaid about what was required to pull it off. There’s a group of people that are instead looking for the snake oil fountain that allows someone to live like their retired in their 30s but without doing any work. This is no longer “passive income”, and is instead just another “what’s the easiest way to become rich” search. The reality is that identifying and executing a high-ROI opportunity that recurring brings in money with low input is not as easy as following an A->B->C guide or else every market entrant would have like a 90% success rate and everyone would already be doing it.
If people genuinely want passive income, then financial investments or monetizing hobbies (to the extent it’s still enjoyable) seem like a good place to start for providing a good lifestyle/income balance.
"Investment income" is certainly a good example of "passive income." But it seems when investment income is touted as the only true form of passive income, it is forgotten that, in most cases, some outlay of effort was required to first generate the initial investment.
Likewise, many projects that require some initial effort upfront may eventually produce income with little to no continuing involvement. Passive income.
I don’t know, maybe that kind of “passive income” is no longer cool or desirable.
Every form of passive income requires periodic blips of input, but the magnitude and frequency of those blips could vary a lot depending on the business. There’s some forms of passive income that are really like part-time jobs or require a full-time job worth of effort to launch something. These don’t seem very passive to me.
I see people preach on the internet how they found some golden opportunity that lead to raking in thousands of dollars on a monthly basis with minimal oversight. I’m sure instances of this exist, but frankly I think there’s a lot that is still unsaid about what was required to pull it off. There’s a group of people that are instead looking for the snake oil fountain that allows someone to live like their retired in their 30s but without doing any work. This is no longer “passive income”, and is instead just another “what’s the easiest way to become rich” search. The reality is that identifying and executing a high-ROI opportunity that recurring brings in money with low input is not as easy as following an A->B->C guide or else every market entrant would have like a 90% success rate and everyone would already be doing it.
If people genuinely want passive income, then financial investments or monetizing hobbies (to the extent it’s still enjoyable) seem like a good place to start for providing a good lifestyle/income balance.