Passive income was never defined as "no work, receive income". It was, "work once, passive income later without extra work". As in, your full time employer will stop paying you if you stop working. Your books that you wrote some time ago will generate income in perpetuity without any extra work.
You still need to put in the upfront work of creating something. It just so happens that something can generate income for a long time without much, if any, upkeep. Think of it as a machine that prints money. You still have to build the machine, but afterwards you just have to change the oil once a year.
Passive is the opposite of active, I get the definition. Something you're no longer really actively working on that keeps making money. I'm jealous, I'd love to have such an idea.
But this seems different -so far-. This is more akin to building 80 money printing machines that each print a certain amount of money. They may work forever, or die in 6 months, or not work at all.
I guess my entire point is that this is a monumental amount of seemingly continuing effort. It's simply too early to call it passive IMO.
However, dates are missing here. If OP wrote his last book 5 years ago and is collecting this income each year, I'll gladly eat crow.
> This is more akin to building 80 money printing machines that each print a certain amount of money.
We should cut out the middle man -- and the middle step -- and just print money. We can start 100 digital currency initiatives and play the lottery, one of them is bound to take off...
I love how negative HN is. $1k for a book and I would be over the moon
Author has a full time job, think of it as a hobby like a blog.
Instead of posting on HN daily , he wrote books and made $160k…that’s a full house in some parts…and that’s on top of a full time job so it’s pure savings…sans tax.
Not having a dig at you per se but the general nitpicking and negativity in some of these comments
If this were 20 years in the future since the books were written, sure.
This is more just a person writing a ton of books for relatively little money.
Please don't take it as any insult, I love the energy and drive. It's just not passive in any sense of the word.