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Why I'm Not Trying to Build Passive Income - Scott H Young

scotthyoung.com · 1,130 words · saved by 1 readers

I’ve written a few articles mentioning my desire to be able to earn a full-time income from this website. From that, people have written to me claiming that I want to build a completely passive income stream and get rich without doing any work. That hasn’t been my strategy at all, with this business. Sure, I expect my income stream to be somewhat passive, because that’s the nature of running a business. But I’m not planning on stopping working anytime soon. Nor do I expect that this website will eventually have the capacity to provide decades worth of income without any effort on my part. The easiest way to earn money is by working. Truly passive investments like bonds or stocks can earn money without any new effort. But this is slow, and unless you already have a lot of money, it isn’t a good way to make money. No, the best way to make money for someone who doesn’t already have a lot of money is by working. That shouldn’t be a big surprise, but every online investment guru makes it se

I’ve written a few articles mentioning my desire to be able to earn a full-time income from this website. From that, people have written to me claiming that I want to build a completely passive income stream and get rich without doing any work. That hasn’t been my strategy at all, with this business. Sure, I expect my income stream to be somewhat passive, because that’s the nature of running a business. But I’m not planning on stopping working anytime soon. Nor do I expect that this website will eventually have the capacity to provide decades worth of income without any effort on my part. The

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