News for hackers. Stuff that matters.
Re:Let the adventurous journey begin: Passive Income by sl4yerr on Thursday May 03, 2012 @09:24AM (#3923708)
Passive income is a myth. It's the HN equivalent of an infomercial.

Cue stories of the masses who had wealth rained down on them by doing very little work:

Re:Let the adventurous journey begin: Passive Income by xutopia on Thursday May 03, 2012 @09:27AM (#3923718)
I don't see passive income like that. I see passive income as something you can gain by spending some of your free time to get recurring money.
Re:Let the adventurous journey begin: Passive Income by graeme on Thursday May 03, 2012 @09:37AM (#3923763)
Agreed. I think it's better to say it takes time up front. But the upfront work may take a while.

I spent six months last year writing explanations for a standardized test. It was extraordinarily boring. But now I get $1000-$1500 per month in licensing fees.

I think there are lots of passive income opportunities for developers to make passive income in non-technical niches.

For instance, I've only been learning programming for a few months, but I have a Wordpress blog. I'm probably going to buy that plugin. Always wanted to track that, but didn't know how.

Re:Let the adventurous journey begin: Passive Income by sopooneo on Thursday May 03, 2012 @12:18PM (#3924448)
That seems less "passive" than just "small". But then again, as the poster noted, there are many ways to define passive income.
Re:Let the adventurous journey begin: Passive Income by psylence519 on Thursday May 03, 2012 @10:14AM (#3923911)
Ah, your problem is you haven't yet bought my book on passive income success.
Re:Let the adventurous journey begin: Passive Income by sl4yerr on Thursday May 03, 2012 @10:22AM (#3923949)
Ah yes, that is the problem indeed. I assume it's published by RonCo?
Re:Let the adventurous journey begin: Passive Income by AJ007 on Thursday May 03, 2012 @12:37PM (#3924540)
It isn't a myth, its just poorly defined.

I've had adsense sites making a few hundred $ a month since 2005. Its hands off to the point I don't even know what they made until I get the 1099 from Google each year.

However every (or nearly every) business that makes money truly passively is an under performer. They are like boats without captains that have not sunk yet. Those same sites, along with the A list domains some are on should be earning $200k+ a year by now.

In that sense, I would define passive income as doing a terrible job on a stellar business model.

Of course, there are also businesses employees or partners can run. Those absolutely can be done. I have one project like that right now. But, just like a dividend paying stock or bond, you are going to have to put in a serious asset to minimize the chance of the people running the show from fleeing.

Re:Let the adventurous journey begin: Passive Income by jQueryIsAwesome on Thursday May 03, 2012 @10:39AM (#3924021)
I have passive income thanks to Adsense, in comparison with the average salary in USA is kind of low; but is bigger than the average salary in my country (Colombia).

And I also want to point out that nobody is talking about "wealth" around here, just about a few more bucks.