Comments on: There’s No Such Thing as Passive Income http://www.fiscalfizzle.com/2010/02/is-passive-income-real/ Spicy Thoughts on Personal Finance Mon, 06 Feb 2012 17:19:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Best Reads of the Week: The Demographic Profile of Millennials Edition | Steadfast Financeshttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-46613 Best Reads of the Week: The Demographic Profile of Millennials Edition | Steadfast Finances Sat, 28 Jan 2012 23:07:52 +0000 http://www.fiscalfizzle.com/?p=3498#comment-46613 [...] Fiscal Fizzle - There’s No Such Thing as Passive Income. [...] [...] Fiscal Fizzle – There’s No Such Thing as Passive Income. [...]

]]> By: What if You Only Had One Year Left to Spend? - Untemplater — Untemplaterhttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-33765 What if You Only Had One Year Left to Spend? - Untemplater — Untemplater Thu, 25 Aug 2011 06:58:50 +0000 http://www.fiscalfizzle.com/?p=3498#comment-33765 [...] a remarkable similarity to the concept of creating a truly hands-off passive income stream, what some say is an impossible dream.A month seemed like too unreasonable of a time period for a realistic approach, but what if we [...] [...] a remarkable similarity to the concept of creating a truly hands-off passive income stream, what some say is an impossible dream.A month seemed like too unreasonable of a time period for a realistic approach, but what if we [...]

]]> By: This Week in Personal Finance - February 19, 2010 | Redeeming Richeshttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1872 This Week in Personal Finance - February 19, 2010 | Redeeming Riches Thu, 29 Jul 2010 10:25:21 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1872 [...] Fiscal Fizzle takes an interesting spin stating that there is no such thing as passive income. [...] [...] Fiscal Fizzle takes an interesting spin stating that there is no such thing as passive income. [...]

]]> By: Aury (Thunderdrake)http://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1324 Aury (Thunderdrake) Tue, 25 May 2010 02:52:44 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1324 I strongly believe in the idea of passive income. I strongly DIS-believe in the idea that you can just generate that passive income through lazy decadence. It takes hard work, financial tenacity and creativity, and prudence to get there. And even these passive portfolios require not only maintenance, but to keep that financial intelligence in tact to ensure one bars off cataclysmic changes. I shamefully admit I'm a big fan of Robert Kiyosaki's teachings, but what I took out of it more than anything else was the need to be financially educated; to know what's going on around you in the world around you. Passive income is one thing. Getting that income to exceed your expenses is completely another! I strongly believe in the idea of passive income. I strongly DIS-believe in the idea that you can just generate that passive income through lazy decadence. It takes hard work, financial tenacity and creativity, and prudence to get there. And even these passive portfolios require not only maintenance, but to keep that financial intelligence in tact to ensure one bars off cataclysmic changes.

I shamefully admit I’m a big fan of Robert Kiyosaki’s teachings, but what I took out of it more than anything else was the need to be financially educated; to know what’s going on around you in the world around you. Passive income is one thing. Getting that income to exceed your expenses is completely another!

]]> By: Shekhar Lelehttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1323 Shekhar Lele Thu, 11 Mar 2010 11:50:14 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1323 Hi Folks, This has been an interesting read. I work as a middle management executive with a multinational financial services company in Mumbai, India and am 32 years old. I actually believe in the concept of financial freedom. While earning a passive income does not mean no work at all, it does mean having more time on hands compared to our 9 to 8 drudgery. In Mumbai, rental yields are an abyssmal 2.5% of capital values for residential properties and hence, in my opinion, owning more than 1 home may not quite be such a great idea, especially with real estate already very steep (and hence the future growth potential limited). I have deliberately saved over 50% of my income over the last 10 years I have been working. Having a working spouse and living in my own home have helped me do this. Today, I can well say that I generate a fair amount of money as interest on my investments. But this brings me to another subject. Would we want our best asset to be under utilised? I mean, would I allow a great plot of land to just idle? Not at all. So why do it to ourselves? Are'nt we our greatest asset? Sure, we'd have some years of exponential growth and some where we don't quite make it, but is'nt that the way every asset class behaves? True financial freedom probably does not mean sitting at home doing nothing. To me, it means having a job you enjoy or probably don't really dislike. It means having enough money coming in every month where you are not 'forced' to work in a hostile / thankless environment. Now, is'nt that 'freedom' after all? Hi Folks,

This has been an interesting read. I work as a middle management executive with a multinational financial services company in Mumbai, India and am 32 years old. I actually believe in the concept of financial freedom. While earning a passive income does not mean no work at all, it does mean having more time on hands compared to our 9 to 8 drudgery. In Mumbai, rental yields are an abyssmal 2.5% of capital values for residential properties and hence, in my opinion, owning more than 1 home may not quite be such a great idea, especially with real estate already very steep (and hence the future growth potential limited).

I have deliberately saved over 50% of my income over the last 10 years I have been working. Having a working spouse and living in my own home have helped me do this. Today, I can well say that I generate a fair amount of money as interest on my investments. But this brings me to another subject. Would we want our best asset to be under utilised? I mean, would I allow a great plot of land to just idle? Not at all. So why do it to ourselves? Are’nt we our greatest asset? Sure, we’d have some years of exponential growth and some where we don’t quite make it, but is’nt that the way every asset class behaves?

True financial freedom probably does not mean sitting at home doing nothing. To me, it means having a job you enjoy or probably don’t really dislike. It means having enough money coming in every month where you are not ‘forced’ to work in a hostile / thankless environment. Now, is’nt that ‘freedom’ after all?

]]> By: Wojciech Kulickihttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1322 Wojciech Kulicki Thu, 25 Feb 2010 13:33:28 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1322 I wanted to bring a couple of follow-up posts to everyone's attention, if you'd like to continue the discussion: <a href="http://www.plantingdollars.com/personal-finance/is-passive-income-possible/" rel="nofollow">Is Passive Income Possible?</a> at Planting Dollars (written by Ryan) <a href="http://www.plantingdollars.com/personal-finance/passive-income-further-thoughts-from-mr-credit-card-guest-post/" rel="nofollow">Passive Income – Further Thoughts From Mr Credit Card – Guest Post</a> at Planting Dollars (written by Mr. Credit Card) I wanted to bring a couple of follow-up posts to everyone’s attention, if you’d like to continue the discussion:

Is Passive Income Possible? at Planting Dollars (written by Ryan)

Passive Income – Further Thoughts From Mr Credit Card – Guest Post at Planting Dollars (written by Mr. Credit Card)

]]> By: Wojciech Kulickihttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1321 Wojciech Kulicki Sun, 21 Feb 2010 22:45:25 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1321 "the work is usually minimal as compared to a full-time job or a regular business..." That's a key test, I think, of any "non-active" income strategy. I really like Brian Lee's approach (above comment) of figuring out where things lie on the active-passive spectrum, so your type of business would clearly be very passive. Thanks for your comment! “the work is usually minimal as compared to a full-time job or a regular business…” That’s a key test, I think, of any “non-active” income strategy. I really like Brian Lee’s approach (above comment) of figuring out where things lie on the active-passive spectrum, so your type of business would clearly be very passive.

Thanks for your comment!

]]> By: Wojciech Kulickihttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1320 Wojciech Kulicki Sun, 21 Feb 2010 22:22:50 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1320 I really like your analogy of the "continuum." In essence, we're not looking for "passive income," but for the "MOST passive income"--something that's as far as possible down the scale. With that understanding, we can say that EVERYTHING is active income--but some are more passive than others. :) Awesome! I really like your analogy of the “continuum.” In essence, we’re not looking for “passive income,” but for the “MOST passive income”–something that’s as far as possible down the scale.

With that understanding, we can say that EVERYTHING is active income–but some are more passive than others. :) Awesome!

]]> By: Wojciech Kulickihttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1319 Wojciech Kulicki Sun, 21 Feb 2010 22:19:46 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1319 I think what you're talking about is essentially the process of building many businesses--a lot of work up front, and then a hands-off approach as other people take over the reigns and you collect a residual check. I'm not sure if I could say blogging is included in that (I think it actually gets harder as you go!), but the income definitely increases exponentially if your blog is successful. I think what you’re talking about is essentially the process of building many businesses–a lot of work up front, and then a hands-off approach as other people take over the reigns and you collect a residual check. I’m not sure if I could say blogging is included in that (I think it actually gets harder as you go!), but the income definitely increases exponentially if your blog is successful.

]]> By: Wojciech Kulickihttp://www.fiscalfizzle.com/2010/02/is-passive-income-real/#comment-1318 Wojciech Kulicki Sun, 21 Feb 2010 22:12:17 +0000 http://www.fiscalfizzle.com/?p=3498#comment-1318 Good points--in the end, there is no "free lunch" with anything. The question becomes--how much do you want to leverage your time for the income you get? Good points–in the end, there is no “free lunch” with anything. The question becomes–how much do you want to leverage your time for the income you get?

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