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 threadAethon

@Daojoan

One of the original guys for all of that was Tim Ferris. Dropshipping, passive income, catchy books, podcasts… but if you look beneath the hood even he doesn’t fully believe his hype, he just figures out how to tweak systems. Then others take the top layer model and boom, we’re all suffering.

I’m pleased I found your piece, it framed a lot of the concerns I’d not quite verbalised.

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