Is Passive income Fake and Dangerous? Yes and No!

I am glad I didn't read that article before I set up my business; I have passive income from Kindle each month along with subscription monies from several magazines I publish as well. Not 4 hour work week but not 40 either as I do outsource some of it. Still I appreciate the point you are making. Nothing worth doing is ever super easy.

Yes, building Passive Income can be a loooong process but in the end of the day it is totally worth it! You have to be willing to work super hard to achieve it though... I'm still in the working for it stage
Art

Good post everyone... I know that someone out there has a unique situation where they put in 4 hours a week and turn $50 to 80k. Its not impossible with the right structure and systems put in place (Employees, Call center automation, and Software). I run an offline business at the moment that I dislike doing. Its a business I got into when I was in college and I have literally invested 5 percent of my profits back into my business and my yearly advertising budget is around $4000.00 and I manage year after year to make 50 to 70k. The reality to this situation is however. I know the industry very well, I know my customers very well by understanding what they want to hear from the initial sales call to the service that follows and I understand where to put my marketing dollars. I do dislike what I do and this is why I am building an ecommerce website that allows me to do something I enjoy and can build rather than push off and ignore. The fact is its possible to put little effort in and get back a decent profit but eventually someone will come along that really enjoys that industry and beat the pants off you while your still doing the same 4 hour a week marketing tactics they are doing 40 hours a week hands on bust your ass tactics and that will win every time. You will be wondering each year why your income has been dwindling until you find out the competition has been in town sniping your clients.

I know what your saying. I spend sometimes 10 hours a day writing a social media plan for a business I'm going to launch. I really think its possible to have a 4 hour work week but your going to pay for your missing labor hours then by hiring that staff to replace you. I really thing that's what Tim Ferriss mean by this strategy. You here a lot of these 4hour work week guru's talk about only working 4 hours but they are constantly blogging,youtubing,facebooking,tweeting,instagrami ng, and maintaining a website, and guest speaking appearences. Its obvious that takes a lot longer than 4 hours. These guys are smart they know what they are doing, who there customer is, and what makes them bite. These are not bad guys they are business guys and very successful at that. Im not knocking them for making there money but I can see how some people would chase a dream that will never amount to much more than a dream. Theres enough money out here for all of us but the hardest and smartest workers will get most of the pie.