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

submitted 3 months ago by wtypstanaccount04@hexbear.net to c/chapotraphouse@hexbear.net

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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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[-] Beaver@hexbear.net 8 points 3 months ago

Technically, I may choose not to maintain the API. It might not remain relevant or profitable for very long, but I can just ignore it.

But that's the key difference: you actually are doing labor to maintain it, and you did all the labor of creating it in the first place. It's not passive in the way you're making it out to be, especially in contrast to income earned simply from owning assets and extracting interest or rent from it.

[-] abfarid@startrek.website 1 points 3 months ago* (last edited 3 months ago)

You just have a skewed definition of "passive income". All passive income implies at least some* ammount of work in advance. Yes, even "being a landlord" passive income requires you to do some work in advance, depending on the circumstances. You need to save enough capital to purchase a property, then make it rentable and find tenants. Is it a lot of work? Depends on the landlord, but some is required.