Can you build passive income, and should you aim for it?
Passive income ideas, royalties, products, its realism.
Axis: build passive streams early … passive income is a destination after active income
Concept: passive income
Answers by date: 8 records in 8 sources, newest first; the answers above are the current ones. The advice was refined (2019, 2020), never reversed, in these records.
| date | who | answer | source |
|---|---|---|---|
| 2020-12-13 | Ali | Ali prioritises making money and passive income because he thinks money gives you the freedom to do the work you enjoy. | Love, Money and Relationships - Answering your Assumptions 00:18:43 |
| 2020-07-03 | Ali | None of these decisions is permanent for Ali: thanks to multiple streams of passive income he does not need medicine to survive, so he can leave America if he dislikes it. | I'm Moving to America 🇺🇸 - Life Update 00:28:01 |
| 2020-05-19 | Ali | Ali's Skillshare classes on editing videos and on studying for exams generate passive income: he made each course once and it keeps selling without much more work. | How To Make Money Online - The 3 Levels 00:11:02 |
| 2020-05-01 | Ali | The main benefit of passive income, Ali says, is that work becomes optional: you can leave, go part-time or start something else, instead of being shackled to a job you need to pay the bills. | How Much Money I Earn in a Week as a Doctor & YouTuber 00:27:45 |
| 2019-09-24 | Ali | Ali never wants to be a doctor only because it pays the bills, so he still thinks it very valuable to build sources of passive income and an entrepreneurial lifestyle. | Ready Player One + 'My First Million' - Monthly Favourites #12 00:10:03 |
| 2019-09-06 | Taimur Abdaal | To earn money at school or university, Taimur says use the summers: most people do internships or summer jobs, but he highly recommends setting up an online business that brings in some passive income. | Life Advice Q&A with my Brother 00:09:02 |
| 2019-08-06 | Ali | Books are a great way of making passive income, Ali says: you put a ton of effort into researching and writing a book once, and it then sells many copies without much extra time or effort. | Smart Passive Income + The Third Door - Monthly Favourites #11 00:04:41 |
| 2018-08-24 | Ali | Ali's goals after university are to be a good doctor, to become financially independent by living off passive income, to take a few years out of medicine at some point and to keep growing his YouTube channel; he has no single overarching mission yet. | Answering personal questions - 50k subs Q&A 00:01:47 |