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"Passive Income" is another way of saying that you don't work (hexbear.net)

submitted 11 months ago by [email protected] to c/[email protected]

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Look, even Wikipedia admits it!

Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain.

glasses-off "I work very hard as a landlord"

glasses-on "I am a leech on society"

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[-] [email protected] 0 points 11 months ago

Regardless of your views on whether or not landlords deserve their income, it's irrelevant to the point I'm making. The are other ways of having a passive income besides being a landlord; ways that are arguably "earned".

[-] [email protected] 13 points 11 months ago

Then it's not clearly not passive income, "passive income" is definitionally simply reaping where one has not sown. If you're doing work it's not passive income, it's a job. Software Dev work is not so easy.

[-] [email protected] 1 points 11 months ago

No it's not. It's "definitionally" income that's passive, i.e. you're not actively doing anything for it (any more). In other words, you can put a some or a lot of work in advance and then receive income over time, passively. A short list of examples:

royalties from intellectual property, like books, music, acting, patents etc.
automated business, where it's developed to the point that requires almost no input
ad revenue from online content, like websites, blogs, vlogs etc

As a software dev I know what it entails. It can be your job AND your passive income.

this post was submitted on 11 Jul 2024

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