Technology is not fertile ground for truly passive income. It might be one of the best places to go for long-term active income, and of course there are the outlier startup successes, but technology is all about change. I've seen enough people go from thinking they were rich on $30k per month to losing the golden faucet and not knowing what to do.
What most people want is more freedom-- so they don't sweat the prospect of losing this job or that client-- and that's an admirable and worthy thing to strive for, but not necessarily long-term passive income. This is just the wrong business for that. The idea that an iPhone app is going to be making the same money, with no improvements, 20 years out, is laughable.
What people are experiencing and calling "passive income" is actually a result of the fact that good engineers are so underpaid in comparison to their value that, by going alone and interacting with the market directly, they can often do better than they would under an employer and taking a 90% haircut (largely, to pay for all the less competent people) on the value they deliver.
What most people want is more freedom-- so they don't sweat the prospect of losing this job or that client-- and that's an admirable and worthy thing to strive for, but not necessarily long-term passive income. This is just the wrong business for that. The idea that an iPhone app is going to be making the same money, with no improvements, 20 years out, is laughable.
What people are experiencing and calling "passive income" is actually a result of the fact that good engineers are so underpaid in comparison to their value that, by going alone and interacting with the market directly, they can often do better than they would under an employer and taking a 90% haircut (largely, to pay for all the less competent people) on the value they deliver.