Usually you can only get truly, TRULY passive income in the paper sector -- dividends or capital gains on negotiable instruments. Which is all well and good. But the richest people in the world got there by building businesses. Even Buffett built a business around buying other insurance businesses.
But there's always the hassle of running the business... maintaining the physical location and staff of employees. Yes, if you build your business right you can have someone else run the whole thing. But you have to have a lot of trust in your CEO, and if I was in that position I would still be checking up on things pretty often.
But online business allows you to have the best of both worlds. The business aspect provides you income that grows proportionally to the amount of value you can create times the amount of leverage you can utilize, instead of just "interest". But the passive part of it acts more like the paper market, in that you can in many cases rely totally on the system itself and not have any employees at all! A business where you can "set it and forget it" -- now THAT is true passive income.
And it's sweeter than honey. =)
But there's always the hassle of running the business... maintaining the physical location and staff of employees. Yes, if you build your business right you can have someone else run the whole thing. But you have to have a lot of trust in your CEO, and if I was in that position I would still be checking up on things pretty often.
But online business allows you to have the best of both worlds. The business aspect provides you income that grows proportionally to the amount of value you can create times the amount of leverage you can utilize, instead of just "interest". But the passive part of it acts more like the paper market, in that you can in many cases rely totally on the system itself and not have any employees at all! A business where you can "set it and forget it" -- now THAT is true passive income.
And it's sweeter than honey. =)
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