JA Westenberg1d ago

The passive income movement was a fantasy about not having to give a shit. This is a terrible foundation for pretty much anything.

https://www.joanwestenberg.com/the-passive-income-trap-ate-a-generation-of-entrepreneurs/

The "Passive Income" trap ate a generation of entrepreneurs

I had coffee last year with a guy - I won't use his real name - who told me he was "building a business." I asked what it did. Dropshipping jade face rollers. I made him say it twice. Jade face rollers. He'd found them on Alibaba for $1.20

Westenberg.
Show threadDawn Ahukanna
@Daojoan
The “construct or assemble a system of extraction” has been equated to income (passive or active investment by the owner) rather than building a sustainable system of value to others. Unfortunately, the tools to build both are the same, the differentiator is the addressing needs of others is how you get people to pay you.
Apr 3 at 7:03amPhanpy
Show threadRosy Maths1d ago
@dahukanna @Daojoan That's a really insightful perspective.