The Dangers Of Passive Income

[harrymouni]

tl;dr;

there's no substitute for hard work

 

[Andrew Scherer]

How about high dividend stocks? I average 15% yearly dividends from stocks, outside of my initial research I haven't done anything to maintain those investments.

I did mention this, in fact if you have any tips about getting into this please PM me?

 

[LadyMD]

100% passive income is not for everyone, if you have multiple streams of "passive income" then you may be able to sit back and just let the money flow in. I think a combination of passive and aggressive rev streams works best in the financial industry. 60% aggressive and 40% passive. What do you guys think about this?

 

[amateursurgeon]

The only truly passive income is an annuity or royalties.

Everything else requires management.

Asynchronous income ftw.

 

[Napolean]

So basic summary is, complacency is the most dangerous habit to fall in to.

Don't pay attention to competition, you will get overrun.
Don't continuously hone your skills, you regress back into a newbie.

 

[secretagentdad]

100% passive income is not for everyone, if you have multiple streams of "passive income" then you may be able to sit back and just let the money flow in. I think a combination of passive and aggressive rev streams works best in the financial industry. 60% aggressive and 40% passive. What do you guys think about this?

I think you just pulled some random numbers out of your ass, and have no idea wtf you are talking about. :angrysoapbox_sml:

 

[PhillipMarlow]

I made a huge mistake in 08 by quitting my job before my 1st product attempt was profitable. Went through 4 different lander modifications and learned a shit ton even though it didn't work out. I didn't have much "risk capital" to begin with, tho. Getting to "passive" is harder than it sounds.

 

[tainted]

Good thing I made enough money to invest with a hedge fund. Riches on autopilot baby.... I wish