Your expectations are thoughPhoto by Chiara Daneluzzi on UnsplashLast night, I was watching a youtube video of this favorite vlogger of mine that has not posted in over 7 months. 10 seconds into the video, I was hit with an ad and it for some reason got me thinking about the nature of passive income and our expectations about it. And here comes my rant.Passive income is defined as the income that requires little to no effort to earn and maintain.When it comes to online passive income specifically, many people take the above statement to mean that you just have to click a few buttons and like a flip of a switch, turn on the perpetual flow of money into their lives.I have seen even great businessmen fall for these scams many of which were in the MLM and Cryptocurrency industries.The promise for a never-ending supply of money with almost no work on your part is really appealing but just like in marketing, they do not sell you the process, they sell you the potential.Yes, the potential is that you can set up a stream of income that outlives you without ever needing to work again but you not only can never get satisfaction out of that kind of life, but you also have to engage in the process of getting there if you desire such conditions.People will tell you that passive income is a lie. But are they right? Obviously not. Let’s take an example.If someone had investments of say $50M which grew at about 7% after taxes annually without work on his or her end and that person spent only 3% on their living expenses, that would be $105,000 after tax which is above an average American household pre-taxed income of $78,635 according to the bureau of labor\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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