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“Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved“

If you have customers, employees, contracts, websites, marketing, invoices, etc, then there is involvement. Meaning it’s not so passive.

;)



That's a good point. It's definitely not as hands-off as buying shares in an index fund, or paying a property management company to manage a rental property.

I do have to be on call in case someone calls or opens a support ticket, or if there is a problem with the servers. But all the technical and billing stuff is automated. And if I want to have a long vacation then I make the conscious choice to neglect marketing and sales. But the next step would be to find some virtual assistants who can help with support and marketing.




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