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

submitted 4 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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[-] abfarid@startrek.website 1 points 4 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.