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- May 1, 2011
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I think that you're putting the cart before the horse but since you asked...
We can argue that there's no 100% passive source of income. Even if you live off dividends and do absolutely nothing else, you still should check your broker account periodically and reinvest. Even if you have several rental properties managed by a property manager, you should still periodically make sure that everything's going well.
No matter what it is, there's always some work involved, even if it's just an hour a month.
But who cares? Is there really such a difference between working one hour a week or a month vs not working at all?
The mythical retirement when you're not working at all is a sure-fire path to depression and early death. Humans are not designed for idleness. As much as you now think that you'd love to do nothing, after a few months of "do nothing" retirement you'd probably go crazy.
We can argue that there's no 100% passive source of income. Even if you live off dividends and do absolutely nothing else, you still should check your broker account periodically and reinvest. Even if you have several rental properties managed by a property manager, you should still periodically make sure that everything's going well.
No matter what it is, there's always some work involved, even if it's just an hour a month.
But who cares? Is there really such a difference between working one hour a week or a month vs not working at all?
The mythical retirement when you're not working at all is a sure-fire path to depression and early death. Humans are not designed for idleness. As much as you now think that you'd love to do nothing, after a few months of "do nothing" retirement you'd probably go crazy.