Like most people, I have a busy lifestyle. I work 40+ hours a week, I'm studying for an MA part time, I have a family, I take my health (and exercise) seriously. Plus my daily commute to and from work is a staggering 2 hours.
I don't mean to make excuses, but I don't have a lot of free time. I've looked into building ad sites or affiliate sites. And the amount of time it takes to build and maintain them would equal a whole second job that I just don't have time for.
My definition of passive income is something that you set up once, and then it continues to generate income for you with little or no extra time to maintain. I don't think IM fits that definition. The guys I know that have truly replaced their jobs and now do IM full time, essentially put in the same time and hours (or more) as their previous jobs. It's not passive if you have to put in 40 hours a week to make it work. From what I've learned, that's what it takes to be a success at this.
Anyone else agree? I don't question that IM is a legitimate job and it may even provide the freedom to work for yourself instead of others. But it isn't passive.