JA Westenberg2d 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 threadritchie

@Daojoan thank you for writing this. I went thru this roughly 10 years ago and it's rly nice to read about it from another perspective.

Myself and a guy I was working for/with started out needing to learn about SEO and WordPress, which led to learning about affiliate link blogs, which led to being sold & dropping thousands of dollars on a course from Amazing Selling Machine, and he pulled thousands more out of retirement savings to support starting this "business". I was young and impressionable, and pressured into owning a slice of it so I would contribute unpaid labor. We weren't a success story but we kept putting time and money into it - sunk cost fallacy. I didn't even think it was a scam when I wanted to leave a couple years later, tho it was obviously a money hole and ruining friendships and relationships, and I hated my life during all of it, I didn't even know who I was or wanted to be anymore lmao. Sry for the long comment. I wish I'd never gone along with it.

Apr 3 at 7:00pmWeb