Vigilante
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After reading the original Millionaire Fastlane book, I was completely enamored by the possibility of having a business that just generates income by itself for you, without you necessarily having to work on it a ton. However, researching into Passive Income online, many people mention that it's not in fact real at all, and that this is all just a hoax instead and that people who preach about this are just part of the new age get-rich scheme guys or just people looking to sell a product or market themselves. I wanted to get anyone's opinion on this matter, please let me know. Thanks for your time!
I spent 90 days living in Hawaii, watching my kids play in the surf, and managing my business from a laptop. Passive Income doesn't mean no work. It means you work on your terms, and your time is separated from your income.
If I list my old bicycle on eBay, and someone buys it from my garage, it's not passive. However, if I list 200 bicycle horns on Amazon, ship them to Amazon for fulfillment, and have Amazon send me an EFT every few weeks, is it passive?
If I own a mini storage facility, and have a manager that works at it 50 hours a week, and I work on it 2 hours a week, is it passive?
Take off your coat and stay a while here. Passive doesn't mean no work, especially in the beginning. You should be prepared to work harder than you ever have in your life to set up the rest of your life.
I am part of no scheme, have nothing to sell you and no reason to market myself to you. I am telling you that where there's a will, there's a way and the people who SCRIPT for you the rules you have to live by are right... they themselves will never likely find financial freedom. Research the people who wrote the articles you refer to, and you'll find that each of them... works for someone else.
By the way, you may want to drop by the newbies section here, take a look at how people do some intros and then write an introduction for yourself. Most of the people we see flame out here start with debate questions, and never really dive deep enough to study, learn, and contribute. Stop on by and spend some time taking a look at how new contributors get recognized.