Passive Income is the Greatest Modern Delusion

Having multiple income streams is a great way to build financial security, but the idea that any income can be passive is misleading.

If You Go Into Something Because It’s Passive, You Probably Don’t Want it That Badly

If your goal is to create passive income, the outcome is more important than the means. You probably will not be willing to put the extra hours in to make a really quality product. Monetization is important, but if you have a minimum effort maximum results attitude, you probably will not get very far.

People Will Always Come After Your Wealth (No Matter What)

This is just human nature. I see writers on here writing about having 20 houses. As a business person myself, I respect your right to buy as many houses as you want under a free market. But don’t you think it is likely a disgruntled populace will pressure politicians to pass laws increasing property taxes on second homes? You always have to factor in the unknown into investment decisions, including a possible government crackdown on landlords.

Imagine if you had your entire net worth in the St Petersburg Stock Market in 1917? Every 50–100 years, the government does something crazy, and if you built…