Raphael [Public domain], via Wikimedia Commons

SPI #29 – The Skeptic Arises

… the skeptic arises: The idea behind smart passive income is to work hard once, create a product and sell it using an automated process, not having to invest any more time into that particular product … compared to a nine to five job where you only get money when you actually do work …

Pat postulates two formulas:

9-to5 … time * wage = income

… meaning you get only paid when you work. To get more income you need to work more or increase your wage …

passive income … product = income

… meaning once you have a product you have income … well, … the product does not need maintenance? … no updates? … no continuous marketing efforts?

… let’s ask Pat, or at least follow his blog to see what he has to say next …

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