this post was submitted on 11 Jul 2024
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chapotraphouse

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Look, even Wikipedia admits it!

Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain.

glasses-off "I work very hard as a landlord"

glasses-on "I am a leech on society"

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[–] abfarid@startrek.website 1 points 4 months ago* (last edited 4 months ago)

You just have a skewed definition of "passive income". All passive income implies at least some* ammount of work in advance. Yes, even "being a landlord" passive income requires you to do some work in advance, depending on the circumstances. You need to save enough capital to purchase a property, then make it rentable and find tenants. Is it a lot of work? Depends on the landlord, but some is required.