Comments on: the truth about passive income

By: Seizing the means of production: Income security, cloud applications, serial entrepreneurship | Sharing at Work

Mon, 24 Nov 2008 18:50:12 +0000

[...] finance bloggers like Steve at BripBlap consistently encourage the development of multiple streams of passive income as a means of regaining control of our financial lives. Once you can go six months without [...]

By: Recent Links Tagged With "passive" - JabberTags

Recent Links Tagged With "passive" - JabberTags — Mon, 27 Oct 2008 00:50:01 +0000

[...] public links >> passive Home Jobs: Passive income Saved by mariano7388 on Sun 26-10-2008 the truth about passive income Saved by Take1Entertainment on Sat 25-10-2008 Comment on Passive Aggressive Notes (.com) by [...]

By: BillionaireWoman

BillionaireWoman — Tue, 26 Aug 2008 18:13:33 +0000

Very cute list. I believe passive income is possible, but sometimes you need to think outside the box. The truth behind passive income is that you need to put in some upfront work to actually get it going. Think of creating a product and selling it: you need to create the product, then create a system to sell it. After that, money should continue to flow in “passively”.

By: tulalue

tulalue — Tue, 26 Aug 2008 11:14:00 +0000

I have been a landlord for 26 years and rental types of investments always require work. However, with mortgages paid off, rewards are now being paid. It takes time, patience and hard work, nothing in life comes easy!

By: bripblap

bripblap — Mon, 25 Aug 2008 18:17:15 +0000

By: Andy

Andy — Mon, 25 Aug 2008 16:36:15 +0000

Passive income is my key to financial freedom and I think it can be achieved. This year for example my goal is $300 p/month. Well on the way to achieving that. Blog income is part of that, but it takes active work to generate that stream of passive income.

By: Funny about Money

Funny about Money — Mon, 25 Aug 2008 13:15:00 +0000

LOL! I was afraid of this. These are all too much work for me!

By: shtinkykat

shtinkykat — Mon, 25 Aug 2008 11:07:03 +0000

Saw your article in the Carnival. I've also created a link to this article on my post.

By: Lindsay

Lindsay — Mon, 25 Aug 2008 03:54:00 +0000

Rich Dad, Poor Dad is making its author a buttload of passive income.

I make a living from my blogs and websites working about an hour a day. It's not entirely passive income (though I do have sites I haven't touched in a year or more and that still bring in money every month), but it's as close to my dream job as I've gotten.

That's what passive income is for most people. There are ways to build assets, whether through writing content (books, websites, etc.) or buying real estate, but it's hard for anything to be entirely hands off. And who would want it to be? Being retired would be boring in the extreme.

By: Plamen

Plamen — Sun, 24 Aug 2008 12:53:16 +0000

For me you have passive income when you are not paid by hour for the actual money coming in. It requires some work in the beginning (writing a book) and/or smart decision (buying the right stock or rental house).
There are different levels of passive income of course from doing nothing (for getting your dividends) to spent few hours a month to upkeep your rental property …

By: theCase

theCase — Fri, 22 Aug 2008 10:50:08 +0000

I disagree with the idea of a duplex NOT being passive income.

I bought one about 20 years ago, and yes, the first few years were tough, but I never did NOT make money on it.

Now it is paid off. I pay a management service 6% plus costs to handle the upkeep, receive rent, and screen tenants. My only interaction with it is to open an envelope containing a statement of activity and a check for about $1250 about once a month. This is about as passive as it gets.

By: Writers Coin

Writers Coin — Wed, 20 Aug 2008 09:05:07 +0000

Passive income is checking my adsense account on Sunday night after not doing any blogging over the weekend and seeing that I made $1.04 on Saturday and Sunday.

It's pennies, but it's passive!

By: Scott @ The Passive Dad

Scott @ The Passive Dad — Tue, 19 Aug 2008 14:43:58 +0000

Passive income can take a small or large investment up front, but should require very little effort going forward. I also think reits or oil rich dividend paying stocks can be a wonderful source of passive income. Prosper can be a good start to passive income with a small investment. Also, Squidoo, and BigCrumbs are others that require nothing but a little marketing to friends and family and you're off to the races. So many ways to earn passive income, it's hard to sit still:)

By: bubelah

bubelah — Mon, 18 Aug 2008 16:24:00 +0000

Good for you. Please don’t apologize. It’s not embarassing at all.

By: deepali

deepali — Mon, 18 Aug 2008 16:08:00 +0000

is it embarrassing to admit that i actually employ some of the strategies in the top 5? but in my defense, it’s not really for income-making…

but you didn’t include real estate…? there is work upfront, but over the long-term, it could potentially be passive-income-generating…