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"My life became richer the day I stopped chasing passive income"

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CruxisKnight

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FauxPas

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Hey I got this in my push notification and decided to read it too. It was the same how I feel about making money in general, if you focus on just the money then it feels hollow but if you focus more on the meaning then you will feel better generally
Nah the point of making this post was to mock her ridiculous assertion that in the long run it's worse to work towards an income stream that creates income for you free of your time, allowing you to do what you want, when you want, with no strings attached than a system where you have to slave away your time working as a wage slave who can only live on the terms of what their boss allows all because it didn't make her feel any happier. Which is a very naïve thing to say because she's not taking into account the big picture benefits of it all. She's framing it in a way that makes it seem like that it's pointless to attain because it's not going to make you any happier in the end and that all you'll become in the process is a greedy, immoral person supporting a system that disproportionately favors white straight men who are cisgendered. (Just with her saying that I can already tell she's one of those people that believe having too much money is bad, and that it's not right for you to have so much when some have so little.) So it makes perfect sense why she stopped seeking it because she did experience avarice when she got a small taste of what it's like to have wealth. After all, how can you have crave more for something if you don't already enjoy it? Money doesn't guarantee happiness but it can surely make it a lot easier to attain. I think her lust for more money has made her realize that she was contradicting what she believes in and as a result experienced cognitive dissonance. Which caused her to stop seeking passive income. I don't know about you but I'd rather be a rich man every single time than a poor/middle class man because at least you can solve your f*cking problems and not be so much affected by the everyday bullshit that the vast majority of people have to deal with (Weather, natural disasters, economic recessions, etc.)
 

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Passive income makes you greedy​


I stopped reading right there. Uh, OK. Nice generalization. Clicks [back].

Spared me from reading the rest of the socialist drivel. <-- see, I can make generalizations too!
 

CruxisKnight

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Nah the point of making this post was to mock her ridiculous assertion that in the long run it's worse to work towards an income stream that creates income for you free of your time, allowing you to do what you want, when you want, with no strings attached than a system where you have to slave away your time working as a wage slave who can only live on the terms of what their boss allows all because it didn't make her feel any happier. Which is a very naïve thing to say because she's not taking into account the big picture benefits of it all. She's framing it in a way that makes it seem like that it's pointless to attain because it's not going to make you any happier in the end and that all you'll become in the process is a greedy, immoral person supporting a system that disproportionately favors white straight men who are cisgendered. (Just with her saying that I can already tell she's one of those people that believe having too much money is bad, and that it's not right for you to have so much when some have so little.) So it makes perfect sense why she stopped seeking it because she did experience avarice when she got a small taste of what it's like to have wealth. After all, how can you have crave more for something if you don't already enjoy it? Money doesn't guarantee happiness but it can surely make it a lot easier to attain. I think her lust for more money has made her realize that she was contradicting what she believes in and as a result experienced cognitive dissonance. Which caused her to stop seeking passive income. I don't know about you but I'd rather be a rich man every single time than a poor/middle class man because at least you can solve your f*cking problems and not be so much affected by the everyday bullshit that the vast majority of people have to deal with (Weather, natural disasters, economic recessions, etc.)
That's true, but after a certain income amount where it covers your basic needs like food and shelter, more money doesn't really add much meaning and happiness in my opinion. So yes income is important but if you make it your sole reason for living, it is hollow. Most people pursue freedom. But if you make income your master, then you are still a slave.

But I can understand if you are in that desperate state where you really need the money or that you are stuck doing work that you hate spending your time on it when you would rather want to do something else. Then money and getting passive income is all you will think about until you solve that problem. But once your needs are met, surplus money just creates more things to worry about. The more money you have, the more you worry about losing that money.

Let's say the author achieved passive income she wanted to satisfy her basic material needs. What she wanted to do after that is to pursue her passions instead of focusing on building more passive income. If you choose to build more passive income streams, then more power to you if that is what brings your life more meaning.
 

thechosen1

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The author, frankly, is a moron.

It's not about "material possessions" - it's about freedom.

There are a few good nuggets in there. Her main point is kind of stupid though.

The part about Keynes especially highlights the author's struggle with reality: "people stop striving for more as soon as their needs are met."

Well, does this mean when needs are met as in they can pay their bills working 80 hours per week? Congratulations!

How about "can afford a small emergency expense" and "earn income 3 times their mortgage each month?" Whoopdee-freakin'-do you are still a slave to the rat race!

Or does "needs are met" mean that you no longer have to work - at all - can do whatever you want whenever you want, and have absolute total autonomy and freedom? DOUBTFUL.

It's a dumb article and a dumb idea that your needs will just be "met" at some low level like that.

It's even dumber to think the same needs and desires do (and should!!!) apply to every human being.

Deciding what is good for other people is the path to tyrannical control, really.

(this reminds me of the other socialist articles saying "optimum happiness occurs at $X per year!" - ummm, no thanks. It also depends if $X is achieved digging ditches or working from a beach in Maui - or from, you guessed it, dividend & investment income)
 
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Ing

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Well yes. When I ll succeed in getting some passive income streams, I will stop that immediately and look for a 9-5 job at 8 €/ hour to get happy!

Thanks for the advice!
 

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"Chasing passive income will downgrade all activities that don’t push you towards your goal. You’re trapped in a logic of material productivity, competition, and greed for money. Things and actions that value love, enjoyment, empathy, mindfulness, understanding, and care have less value.

You won’t be able to enjoy a hobby such as reading because you’ll become obsessed with work."


To me just sounds like a boring negative person.

Also this makes zero sense - these are total straw man arguments. Because you make your income through passive income you are going to have less love and empathy? Lol - this is just virtual signalling nonsense.

"When you’ve built passive income streams, you can do whatever you want with your life.
But why not do what you want in the first place?"


This whole article is projection. I don't think they have experienced any real hardship or challenges in life.

Article rating: 0/10 - pure dribble.
 

Tony100

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The part about Keynes especially highlights the author's struggle with reality: "people stop striving for more as soon as their needs are met."

Well, does this mean when needs are met as in they can pay their bills working 80 hours per week? Congratulations!
Imagine if Jeff Bezos had stopped striving for more once he had the secure job at an investment bank!
 

FauxPas

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That's true, but after a certain income amount where it covers your basic needs like food and shelter, more money doesn't really add much meaning and happiness in my opinion. So yes income is important but if you make it your sole reason for living, it is hollow. Most people pursue freedom. But if you make income your master, then you are still a slave.

But I can understand if you are in that desperate state where you really need the money or that you are stuck doing work that you hate spending your time on it when you would rather want to do something else. Then money and getting passive income is all you will think about until you solve that problem. But once your needs are met, surplus money just creates more things to worry about. The more money you have, the more you worry about losing that money.

Let's say the author achieved passive income she wanted to satisfy her basic material needs. What she wanted to do after that is to pursue her passions instead of focusing on building more passive income. If you choose to build more passive income streams, then more power to you if that is what brings your life more meaning.
I will concede to the point that material possessions doesn't create long term happiness. In the beginning it does bring you happiness, but after some time goes on you become desensitized to what you have. But what does create happiness is experiences, which is something you can't have without money. You don't have to be rich to become happy, however, you can't attain happiness without money. However what it takes to make someone happy varies from person to person, because not everyone enjoys the same kind of experiences as another person. But what is clear is that it's better to put more of your money into experiences and giving it to people than it is to spend most of it on material possessions. This doesn't mean you should deprive yourself of living a lavish luxurious lifestyle either (Nice house, nice car, private jets, yachts, etc.) It's not a bad thing to always want more in your life, as long as your approach to having more is realistic, not too extreme, and gradual. So I would say the overall picture that determines happiness is complex because there's a lot of variables that go into it but I think the best to reach happiness is to have constant positive progression in your life. You achieving new heights, becoming wealthier, upgrading your lifestyle. Once you start to lose too much of that or not enough of it, you'll either be neither happy or unhappy or feel discontent
 

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Tony100

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I don't think they have experienced any real hardship or challenges in life.
Exactly!

You won’t be able to enjoy a hobby such as reading because you’ll become obsessed with work.


So there's no point building a business of any kind... Instead get a 9-5 job so you have more time for reading books...

There's not much hunger or ambition there! Also not sure why you can't build a business and read books ???
 

Thurlam

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"When you’ve built passive income streams, you can do whatever you want with your life.
But why not do what you want in the first place?"


This whole article is projection. I don't think they have experienced any real hardship or challenges in life.

Article rating: 0/10 - pure dribble.

yeah that line in particular stuck me as asinine. like uhhhhhh maybe because you need money to do that? my version of 'do whatever I want' does not include actively trying to make money. that's work. it's possible after achieving financial freedom I might still want to pursue a profitable project or two, sure, but then it would be out of actual personal interest and not a financial need. this article is basically arguing in favor of maintaining a constant state of financial need, which is ridiculous.
 

CPisHere

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Even though the author is insufferable, I must say there is truth that passive income is not very fulfilling.

Yes, it does give you freedom but I have found freedom is , well, not the end all be all. Not to say you shouldn’t pursue it, but once you have it... it just feels not as fulfilling as you imagine.

before having freedom, it’s all you can think about. Freedom is the goal and it seems like the end point but when you get there it’s not like life suddenly has meaning.
 

CruxisKnight

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I will concede to the point that material possessions doesn't create long term happiness. In the beginning it does bring you happiness, but after some time goes on you become desensitized to what you have. But what does create happiness is experiences, which is something you can't have without money. You don't have to be rich to become happy, however, you can't attain happiness without money. However what it takes to make someone happy varies from person to person, because not everyone enjoys the same kind of experiences as another person. But what is clear is that it's better to put more of your money into experiences and giving it to people than it is to spend most of it on material possessions. This doesn't mean you should deprive yourself of living a lavish luxurious lifestyle either (Nice house, nice car, private jets, yachts, etc.) It's not a bad thing to always want more in your life, as long as your approach to having more is realistic, not too extreme, and gradual. So I would say the overall picture that determines happiness is complex because there's a lot of variables that go into it but I think the best to reach happiness is to have constant positive progression in your life. You achieving new heights, becoming wealthier, upgrading your lifestyle. Once you start to lose too much of that or not enough of it, you'll either be neither happy or unhappy or feel discontent
I agree the overall picture of what determines happiness is complex. I believe this is because it varies so much from person to person since it is so subjective. If you find contentment and fulfillment in material possession then that is awesome for you. I just don't think one should write off the author of the article right away. The author does make a good point in pointing out that excessive focus on passive income creates greed.

Greed is definitely where you do not want to be, and it can be easy to steer toward greed when dealing with money and neglect other meaningful things in life.
 

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