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Automatic Income & 4-Hour Workweek

What kind of automatic income business ideas do you have or want to brainstorm?

This has to do with the book: 4-Hour Workweek.

TOPICS: Projects
Berko's picture

Well, selling an e-book you've...

jason.mcbrayer;9743 wrote:
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.

Well, that's just arguing semantics, and I would argue that the work done at the beginning is done without pay because there is no guarantee that that work will produce any income whatsoever. So, the income that is generated is without any work at all.

Contrast that with my web design efforts (which I love but am using for this example). I am my business. If I don't work, I don't make money. Right now I have close to $1,000 waiting for me to collect. It's guaranteed money, but it won't come in if I don't produce the work.

I agree that we need to examine our own values and be self-critical about our own ethics (if that's the kind of thing that is important to you) yadda yadda tack on additional ass covering inclusive PC speak here.

 
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