Mastodawn

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.

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Daniel Brotherston 3d ago

@Daojoan I think most people are seduced by "passive income" not as in they don't want to contribute, but instead as a form of security. If income is passive, then you cannot be fired.

It of course isn't true, but I suspect this is the underlying motivation for most.

Or well, it would be for me, maybe I'm weird, but I do think I'm still pretty human.

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Koen Hufkens, PhD 3d ago

@danbrotherston @Daojoan I think this is the normal human response, but given the flaunting of wealth in these circles I doubt they caught on.

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Daniel Brotherston

@koen_hufkens @Daojoan I don’t think the “passive wealth” people are the billionaire or even the millionaire class (well, not in the traditional sense anyway with property values most middle class retirees who own their house outright are millionaires now).