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[QUOTE="goodmoneygoodlife, post: 207066, member: 64084"] I don't think there's such a thing as passive income. Suppose you do a 8hr/day job and earn $200K. With 262-day work year you get about 2096 hours work in/yr. This is [B]"active income"[/B] because you make $200K over 2096 hours and you can easily find a $/hr from that. Or 200000/2096 = $95/hr. Now suppose you have to work 16hr/day in a business for 1 year. $0 income. Then you have to work 16hr/day in second year as well. No income. On the third year, you just have to work 1hr/day you don't have to do much and your business spits out $100K/yr. The fourth to 10 years are the same. So, a very easy year 3 to year 10. Your dollar per hour: 16*365*2+365*8 = 14600 hours in 10 years. I say 365 instead of 262 because business owners don't take vacation generally speaking. 800K income in 10 years. (800000/14600 = $54/hr). As you can see, your $/hr isn't infinite, no matter what. So there's nothing like 'making money while you sleep'. Also, business landscape changes all the time, forever. Nothing is ever passive. You can score a very high $/hr, but you can't ever have passive income. If your income is 'passive', it just means you're not doing the necessary things to run your income stream. It'll shrink to nothing soon enough since your competitors will just do a better job than you. [/QUOTE]
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