Comments on: An Intro to Passive Income, Popular Ways of Getting It and the Mindset You Need to Start Creating It

By: Jake

Jake — Sat, 08 Jan 2011 09:17:08 +0000

That is totally not true. Many many many times in the last 100 years has inflation been over 3%.

If you have enough money sitting in savings to consider it an ‘income stream’ and you’re only earning 3% you’re doing a huge disservice to yourself.

The only time to ever sit in cash is during terrible economic times and even then gold is just one example of something that tends to perform well during troubling economic periods.

By: corey

corey — Thu, 09 Dec 2010 18:29:28 +0000

How do you blog? I would love to learn…

By: Greg Jeffries

Greg Jeffries — Sat, 20 Nov 2010 02:04:51 +0000

Amazing article I LOVE passive income streams…. They’re the Best. Everyone deserves to invest their time in the things they truly love and spend more time with their families instead of working 40 hours or more per week.

By: ABD

ABD — Fri, 22 Oct 2010 19:44:50 +0000

Would you include rent (as in being a landlord) on this list?

At least, the IRS thinks that rent is passive income. I wonder how much money individual people who own a couple of houses really make from being landlords, once you take into account all of the maintenance costs of owning a house.

By: MoneyNing

MoneyNing — Sun, 26 Sep 2010 21:18:41 +0000

I think you’ve misunderstood the point of this article all together. No one ever said that 3% is or isn’t enough, nor did I say that I was making 3% with my savings. Even at an interest rate of 0.3%, savings are a form of passive income, period. Thus, it’s listed here.

If your current passive income stream doesn’t cover your expenses, then you need to create more streams, spend less, or even use active income to support your lifestyle.

By: Dean

Dean — Sun, 26 Sep 2010 20:51:12 +0000

wow this is bad advice. You have to consider both taxes and inflation.

oh, you are making 3% on your savings? That’s great, but a ~1/3rd of that is taken out in taxes and what is left is subject to another1-4% is loss of purchasing power due to inflation. If inflation is high enough you’ll be losing real wealth.

By: Todd

Todd — Mon, 17 May 2010 13:14:47 +0000

Just what I needed to get back on track. Thanks for the interesting post.

By: Steve-Personal Success Factors

Steve-Personal Success Factors — Tue, 16 Mar 2010 13:48:00 +0000

No matter what the product, I don’t think there is much passive income to be had. It requires ongoing, hard work. However, once the initial hard work is done, provided that there are systems in place to keep the work going, I can see that the income is passive. But it continues to require much oversight: there is no such thing as automatic pilot.

By: Steve-Personal Success Factors

Steve-Personal Success Factors — Tue, 16 Mar 2010 13:46:35 +0000

I’ve been one of those guest bloggers, and I agree: it’s a win-win situation. The successful bloggers who have done this seem to do very well with their blogs. I’ve now got another goal to add to my list for the next year

By: Glen

Glen — Sat, 13 Mar 2010 13:32:13 +0000

One issue with passive income is that we find out about it too late. Our schools teach our children to be employees (which is fine if you’re doing what you love) rather than owners of businesses or income streams. I will be breaking the cycle with my kids.