I think people lack imagination – we have been “trained” to go to school and get good jobs – but look at the initiative you see in Asia – if you want to learn anything about selling hang out in Vietnam or Cambodia – I had a toddler take me by the hand and try and sell me something in Vietnam – it was hilarious – it wasn’t a setup – the kid had wandered off while mum was talking – he grabbed my arm and started saying “you come look” in acceptable English – I could see mum absolutely laughing their heads off – I played along and genuinely regretted that I had already done my shopping in that town because you have to admire the initiative.

I personally prefer a system which provides decent jobs and welfare for people – but it does nothing for our entrepreneurial ability !

But I am still a multi-family housing supporter, it’s one form of ‘semi-passive’ income one could get into very well here here in the Philippines, even if you have to finance part of it.

I agree 100% on not having a mortgage on your residence … most of the current real esatate crisis has been caused by the mistaken idea that the home you live in is an asset rather than a liability.

But I also feel there are so many ways to earn, again ‘semi-passively’ that the major problem is more people not letting go and doing it … holding ourselves back in other words.

Feel free to come and visit the Philippines any time … I recently came across some figures on tourists/visitors that surprised me … Australians and Kiwi’s are very high on the visitor/expat list, far higher than their actual numbers might suggest … see: Philippine Retirement — Who Are All Those Foreigners, Anyway?

There are pluses and minuses to everywhere one can possibly live, so each person has to make their own decisions (and even after you do, you may well wonder why you decided what you did LoL). One thing, though, remains certain … it pays to keep an open mind and I was pleasantly surprised at some of the comments here … the world may indeed be becoming a bit smaller.
.-= Dave Starr´s last blog ..More About Those Pesky Points =-.

Don’t mean to be contrarian, but I’m of the opinion (after many years of chasing it), that there’s really no such thing as truly “passive” income … at least not of the long lasting variety.

There are definitely some cash producing methods that require less “tending” than others. But for the most part, the idea of “set it, forget it, and retire to the beaches of the world” is more of a marketing slogan used to sell cheesy ebooks, and/or recruit people into borderline ponzi schemes, than it is a viable business strategy.

Over time, it’s definitely possible to leverage financial successes into additional time freedom. But I think virtually any online business is going to require some level of continuing attention.

And while I love, love, love the way you try to spin laziness as a positive personality trait, I fear that it just doesn’t hold up out in the “real world”.

… oh how I wish it were true though. I’d be a millionaire many times over already, as I’ve long ago mastered the art.

Todd
.-= Todd Morris @tm Tips´s last blog ..I Really Did Meet My Wife On Match.com =-.

I missed that I was one of the “lazy onliners” at the end of the list. Thanks for the props! I’ve never been so happy to be labeled as a slacker!

Shane
.-= Shane@Master Dayton Writing Blog´s last blog ..College Students as Part Time Writers, Part One =-.