Merlin’s weekly podcast with Dan Benjamin. We talk about creativity, independence, and making things you love.
Automatic Income & 4-Hour Workweek
comforteagle | Jun 28 2007
What kind of automatic income business ideas do you have or want to brainstorm? This has to do with the book: 4-Hour Workweek. 10 Comments
POSTED IN:
 In days gone by when...Submitted by jason.mcbrayer on July 5, 2007 - 4:13am.
Berko;9741 wrote:
In days gone by when manual labor was required to get anything done, this may have been true. But, we have to admit that we haven't really seen those days in a long while. Now, if I sell an ebook (to fall in with the example from above) then no one has to do anything; it's all automated. Well, selling an e-book you've written is still profiting from your own labour; it's not really generating income whether you work or not, despite the fact that you don't have to actually mind the store very much. You're just stretching out the return on work you've already done. And in practise, you will have to do work updating and promoting your book if you don't want sales to decline to near-zero. "Generating income whether you work or not," to me, implies things where you're collecting an economic rent rather than actually producing anything. If you're a leftist, a libertarian, or certain kinds of paleoconservative, you probably won't want to do that. I'm just suggesting that people should carefully consider their own values when considering ways of making money. But perhaps I'm reading too much into the topic, as I haven't read the book in question. » POSTED IN:
|
|
| EXPLORE 43Folders | THE GOOD STUFF |
