A lot of people talk about passive income, but does true passive income really exist? Or is it all just “semi-passive,” where you still need to put in some effort?
Some say that passive income is mostly a myth and that you’ll always have to check on your investments, systems, or products to keep them running smoothly.
What’s your take? Do you believe truly passive income exists, or is “semi-passive” the best we can hope for?
HYSA, dividend stocks, CDs etc etc
Luca said:
HYSA, dividend stocks, CDs etc etc
100%! Also don’t forget to include income funds along with those dividends.
Now there are weekly dividend payers such as XDTE, QDTE and RDTE that are designed for straight-up income. I wake up to a check from them every Friday morning!
Like a lot of names, Passive Income is a bit of a misnomer.
It doesn’t mean you won’t have to put work in.
It means that your income isn’t directly correlated to the work hours you’re personally putting in, and that it has the potential to grow while your work hours have the potential to shrink.
From my experience, it is semi-passive. All I do is check up on my phone farm once a day to make sure everything is running smoothly. Usually everything is fine, so I just continue with my day.
I’ll be transparent; it’s not a high earning side hustle, but as a young adult it’s nice income on the side to treat myself.
@Clive
Would you mind explaining phone farming to me? What resources do you use?
Brett said:
@Clive
Would you mind explaining phone farming to me? What resources do you use?
Phone farming is a way to earn money by using multiple smartphones to perform simple, automated tasks, like running data sharing apps or watching videos.
I do have a YT channel linked in my profile where I share apps I’m using.
Popular apps right now that require minimal interaction once a day:
Yes, like stock market or real estate funds are passive. If it’s a side gig then no, it’s not passive.
Nico said:
Yes, like stock market or real estate funds are passive. If it’s a side gig then no, it’s not passive.
I get a kick out of people who refer to their 2nd and 3rd jobs as “side hustles” 
I’m almost to the point I’m making $2k per month on dividends. Doesn’t sound like much, but I don’t need much. All my clothes are years old, the van is paid off, and I don’t want anything except coffee and pizza (slight exaggeration but more true than you might want to believe lol).
Edit: Oh yeah, and weed. But I’m a lightweight, so only about $40/month for that.
@Addison
How much do you have invested to get $2k dividends a month?
Owen said:
@Addison
How much do you have invested to get $2k dividends a month?
$150k. And it’s actually closer to $1500/month. But ooooo baby it’s right there.
Sold my house, used the equity to buy a van, and invested the rest. Camping in the van while I insulate and build a room back here.
@Addison
Sounds a little high for $150k, that’s above 8% annual return. Are you worried about your savings diminishing?
Not too knowledgeable about this, just trying to learn 
Linden said:
@Addison
Sounds a little high for $150k, that’s above 8% annual return. Are you worried about your savings diminishing?
Not too knowledgeable about this, just trying to learn
The market is going to ebb and flow. I just want to live on whatever dividends are kicked out. But for now, I just keep Poundin’ them. $2000/mo is my current goal.
Ty said:
@Addison
So, when you get dividends I assume you don’t pull the money from them out? You just invest them back in so they compound?
Yup, just “pound” them back in until it’s time to live off of them. Woo!
@Addison
Sounds pretty good. Mind if I ask about your holdings? I’m guessing JEPQ or QQQI.
Luca said:
@Addison
Sounds pretty good. Mind if I ask about your holdings? I’m guessing JEPQ or QQQI.
It’s a REIT. Kept it as a real estate investment.
Luca said:
@Addison
Sounds pretty good. Mind if I ask about your holdings? I’m guessing JEPQ or QQQI.
It’s a REIT. Kept it as a real estate investment.
Excellent. Gotta get me some of those.
@Addison
Well done mate, I usually consider posts like your original to be a flex, but you’ve done something pretty legitimate! Kudos!
I have shares in companies that pay like $500k+ dividends per annum. I do nothing. In contrast, my properties require so much work and sometimes go empty.