Look, even Wikipedia admits it!

Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain.

glasses-off “I work very hard as a landlord”

glasses-on “I am a leech on society”

  • LesbianLiberty [she/her]@hexbear.netEnglish
    15·
    4 months ago

    Technically, I may choose not to maintain the API. It might not remain relevant or profitable for very long, but I can just ignore it.

    Wow damn that’s crazy it’s almost like it requires constant effort and is a job unlike owning a property deed and failing to hire a contractor when my AC breaks down again.

    • Farid@startrek.websiteEnglish
      1·
      4 months ago

      Regardless of your views on whether or not landlords deserve their income, it’s irrelevant to the point I’m making. The are other ways of having a passive income besides being a landlord; ways that are arguably “earned”.

      • LesbianLiberty [she/her]@hexbear.netEnglish
        12·
        4 months ago

        Then it’s not clearly not passive income, “passive income” is definitionally simply reaping where one has not sown. If you’re doing work it’s not passive income, it’s a job. Software Dev work is not so easy.

        • Farid@startrek.websiteEnglish
          1·
          4 months ago

          No it’s not. It’s “definitionally” income that’s passive, i.e. you’re not actively doing anything for it (any more). In other words, you can put a some or a lot of work in advance and then receive income over time, passively. A short list of examples:

          • royalties from intellectual property, like books, music, acting, patents etc.
          • automated business, where it’s developed to the point that requires almost no input
          • ad revenue from online content, like websites, blogs, vlogs etc

          As a software dev I know what it entails. It can be your job AND your passive income.