It’s a Long-Running Debate, and Here’s a Nuanced Definition that Lets Us Resolve It Once and for All

No Myth — You Absolutely Can Create Passive Income

And here are 7 paths for getting there…

Photo by Annie Spratt on Unsplash

It’s a long-running debate.

Is passive income a holy grail, or is it as much as a myth as the pot of gold at the end of the rainbow or a unicorn?

Here’s why I definitively fall on the first side of that argument, with proof from my own personal experience of building from negative net worth (owing more than I owned) almost 30 years ago to my very comfortable current circumstances.

The Argument For Why Passive Income May Be A Myth

In a cogently argued and well-worth-reading case, Ben Le Fort says basically the following:

• “Passive income is money that you did not have to work to receive.”
• Passive income now appears to include selling information products, affiliate marketing, AirBnB, and hosting ads on blogs, podcasts, and YouTube videos
• With the exception of investing in stocks, bonds, etc., all so-called passive income avenues actually require a lot of effort.