Comments on: Why I’m Not Trying to Build Passive Income

By: Dave

Dave — Sat, 01 Aug 2009 18:42:39 +0000

This isn’t really about this article, but are you aware that you have advertisements for Dianetics? I hope this wasn’t you decision; something as insidious as Scientology doesn’t seem congruent with your site.

By: Corporate Barbarian Links: Another Day Closer to Death Edition « The Corporate Barbarian Blog

Sat, 01 Aug 2009 12:08:59 +0000

[...] H. Young tells us why he’s not trying to build passive income. He talks about realistic entrepreneurial goals, and how working may br the easiest way to earn [...]

By: Marcy

Marcy — Sat, 01 Aug 2009 04:14:58 +0000

I caught myself nodding in some areas of that article. The part wherein you say that you need to work in order for your business to run. That’s a something everyone should learn. Given that we have our own businesses, it doesn’t mean that we can stop working altogether.

I also agree on the part of outsourcing.

Though I must say that I too got confused about the passive income part. But thanks for explaining. I read your comment above

By: Havana

Havana — Fri, 31 Jul 2009 16:52:46 +0000

What a down to earth article, Scott. This is terrific.

By: Scott Young

Scott Young — Fri, 31 Jul 2009 14:28:47 +0000

Success Professor,

Passive income has two unofficial meanings, in my mind:

1. Money earned indirectly.
2. Money earned without continuous work.

In the first case, then yes, I am trying to earn passive income. But in the second sense, I’m being realistic.

I’m trying to contrast running an online business like this website with genuinely passive investments like stocks/bonds.

-Scott

By: Enrique S

Enrique S — Thu, 30 Jul 2009 18:46:00 +0000

I don’t have “never working again” as a goal, either. I think I’d go crazy. Like you, I’d like to be able to choose what I want to do, and not have to rely on a job for my primary source of income. Whatever passive income that I make decreases the need for the job. You have more experience than I do about blogging, which I don’t characterize as “passive” income. I’m sure that lots of effort goes into the researching, writing, and editing of your posts. The passive part comes afterward.

By: Steve

Steve — Thu, 30 Jul 2009 16:20:52 +0000

This is really a refreshing take on passive income. I still believe that it is helpful to have the concept of passive income in mind. But I believe that our paradigm needs to be one of working actively. Particularly in the United States, we have a mindset of instant gratification, so too often, would be entrepeneurs give up because they don’t see instant success. This is a great corrective to that.

By: Eric Post

Eric Post — Wed, 29 Jul 2009 18:16:45 +0000

Thank you, thank you, thank you.

I really enjoyed this article. I have been struggling with the concept of setting up a on-line business since I got into Internet work ten years ago.

I saw so much hype about being an information broker and writing an e-book and being set for life. You have made a good point that it doesn’t work that way. It is still a job. Just with a different payoff from a traditional job.

Thanks again, Scott. I enjoy your writing. I wish you luck in your goals and projects.

“Laughter is an instant vacation. Take one now.”

By: Alexander - Personal Development Network

Alexander - Personal Development Network — Wed, 29 Jul 2009 17:39:40 +0000

What are the kind of small business you develop and run (other than this blog and your upcoming book) ?

A description ?
A link ?

Thanks and have a nice trip thru Europe

ciao
alexander

By: Stefan | StudySuccessful.com

Stefan | StudySuccessful.com — Wed, 29 Jul 2009 06:25:53 +0000

Nice one, I have been thinking about this lately also.
I was thinking, I am not going to work at my summerjob this week, so I can do a lot blogging, and that will make me money also hopefully, but how much would it be?
When I work a week at my summerjob, I earn 5x€45 = €225. There is no way I am going to make that with blogging!

And still I don’t work..

Nice post Scott!