It's the hardest because it typically requires a large amount of capital (i.e. savings).
Is passive income always the hardest to make?
- Thread starter The motor guy
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Passive income, that’s the holy grail of every tiktok financial advisor. They always fail to mention just how much capital such an operation takes.
Plus the hard work and sacrifice it takes to earn that Capital in the first place.
I don’t know. Income seems to always pass me pretty quickly and easily.
Only if you’re a government worker and could get a second gig on the side, otherwise you have to put in some effort. Most corps monitor keystrokes and activity, so you can’t really do nothing.
JHZR2
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That’s a pretty bad implication there.
Some may, and should be fired. But the recent rhetoric is just plain wrong.
You would think so but people love their rental properties. 2021-2023 a bunch of upper middle class were buying up new construction as rental properties in popular cities like Austin TX.
So you're saying it's wrong to point out theft?
A good portion of my monthly Amsoil income is now passive. It only took 25 years.
A good portion of my savings is passive income investments. Only took 45 years.
My pension is passive income. Only took 50 years.
My SS is passive income. Thanks FICA/SS payers!!
A good portion of my savings is passive income investments. Only took 45 years.
My pension is passive income. Only took 50 years.
My SS is passive income. Thanks FICA/SS payers!!
selling cash covered put options
and
selling stock covered call options
and
selling stock covered call options
Not passive, really. Low risk though. No truly passive income was my point.
JHZR2
Staff member
Do you think it’s wrong to mischaracterize the vast, vast majority of people?
I think you misread my post. I never said all government employees do it. However we do have it on record that a large number of them in fact did have second jobs and couldn’t even reply to a simple “are you alive?” email. Meaning that their positions were in fact passive income.
I’m not aware of such a thing happening in the private sector in such big numbers.
If you read the "overemployed" subreddit it seems that most of the WFH multiple jobs holders were in computer coding, not government work.
It's also demeaning to have to answer to a second entity outside of one's normal chain-of-command, without a defined congressional mandate. It's not that people "couldn't" reply to the five bullet points, it's that they find the idea repulsive and there are real risks of aggregating unclassified information, PII, or other confidential information.
JHZR2
Staff member
Define large number.
Evaluate the fact that most training says that an email sent without a certificate may be phishing, and guess what those emails were? How about the fact that agency heads, political appointees, were giving notice to not reply but wait for guidance.
Then consider just how inaccurate some of the comments from media and even senators was, and it’s just horrendous practice to parrot things like that.
You say such big numbers as the comparator for the private sector, but don’t have an objective basis of the fraction or people that do. That’s my point. You’re parroting a talking point that was sensationalized.
Someone stealing from their employer should be fired, public or private.
And you injected it into a thread about passive income. Meaning something that doesn’t require an active time commitment, NOT a second job…
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