The author has some good points, but the most important thing to keep in mind is that in a free society, anyone else can come along and do what you're doing and do it cheaper (which is apparently what has happened after Ferriss et al. widely publicized various passive income approaches).
I do like setting "passive income generation" as a goal, but only as a useful thought experiment. It helps to think about "what would have to be true for me to remove myself from this business indefintely?"
That's great as a thought experiment; it can facilitate some creative brainstorming, but it's not so wise as a business strategy.
I do like setting "passive income generation" as a goal, but only as a useful thought experiment. It helps to think about "what would have to be true for me to remove myself from this business indefintely?"
That's great as a thought experiment; it can facilitate some creative brainstorming, but it's not so wise as a business strategy.