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I mean as in don't do anything to destroy it, a mistake can ruin years of effort.
Effort to think about doing what's right vs. what's wrong. making the right decision, especially long term takes effort.
Also, in this post, I want to talk about something tangible, product-wise.
This is not what I am asking. I am trying to say the people/marketers who put this idea out there"create once and sell" is making up a lie that you don't need to do the ongoing work.
I understand your point about the evergreen "do this and you make 20 grand passive income per month" internet marketing scammers that sell you their vid for $80 and then you still know nothing. The very act of having to make a new vids every week proves that the passive income scam is a lie.
But I also misunderstand your problem with either "selling your own integrity" as something you can sell twice (but not passively), or "receiving royalties from your patent/music/artwork/book" as a fully automated means of income.
The very act of having to make a new vids every week proves that the passive income scam is a lie.
yup.
What I understand about integrity is that once people know you're honest and make good products, they'll keep coming back. Also, I don't really believe that's actually passive income; it's really a matter of upfront work with low-maintenance work. Yet the internet is full of scams like that; I think once a person "retires" or loses the drive to do something, they easily die.
It's not passive income, but it is, imho, a passive enabler of the income. Which is the most you'll get out of any passive income (even royalties.) The thing is that even with something like living off a portfolio with just ETFs, you still need to keep an eye on things. Even if you hire someone that keeps an eye on things for you; because then you still need to keep an eye on them.
Of course, if all you have is integrity then you won't get rich. But royalties or a stock portfolio doesn't guarantee that either. Only scammers give guaranteed returns.
I think once a person "retires" or loses the drive to do something, they easily die.
I retired at 51. Not "for the law" and without touching pension money (actually I kept paying into that) and not asking for handouts (not gonna get them anyway), just, not working unless I wanna. Focus more on charity work and things that I thought were good to have for others, rather than just for myself. It was a nice time, also I was unlucky and this luxury is over for me now. Still, I am just doing contract work, but I had to be less generous with my time, to be able to put food on the table.
All in all, I think that the reason why some people deteriorate quickly after retirement is because of the void. The workplace takes over a lot of our social lives and when that ends, it is easy for that to go missing. Personally, I was happy at some point to just be able to have some alone time, really focus on things, despite being an extrovert. I just enjoy it more when I meet my neighbors or chat with the people at the bakery.
But not everyone has this.
Hmm only if you have a tendency to destroy it? Maintaining integrity isn't really something that takes effort, unless you're faking it.