this post was submitted on 11 Jul 2024
129 points (99.2% liked)

chapotraphouse

13558 readers
895 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Gossip posts go in c/gossip. Don't post low-hanging fruit here after it gets removed from c/gossip

founded 3 years ago
MODERATORS
 

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"

you are viewing a single comment's thread
view the rest of the comments
[–] LesbianLiberty@hexbear.net 19 points 4 months ago* (last edited 4 months ago) (12 children)

Passive income is a type of unearned income

Serving APIs that anyone would pay for requires constant work and maintenance

[–] abfarid@startrek.website 1 points 4 months ago (11 children)

You choose to ignore the key point of the comment. I also listed apps/games. Technically, I may choose not to maintain the API. It might not remain relevant or profitable for very long, but I can just ignore it.

Besides, being a landlord also requires constant maintenance. It's just that the income is arguably disproportionate to the work done.

[–] Beaver@hexbear.net 8 points 4 months ago (1 children)

Technically, I may choose not to maintain the API. It might not remain relevant or profitable for very long, but I can just ignore it.

But that's the key difference: you actually are doing labor to maintain it, and you did all the labor of creating it in the first place. It's not passive in the way you're making it out to be, especially in contrast to income earned simply from owning assets and extracting interest or rent from it.

[–] 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.

load more comments (9 replies)
load more comments (9 replies)