So this is a question that I've been mulling over for a while, and I'm curious if people here would want to weigh in.
If one wanted to reduce the amount of work in their life (with the ultimate goal being zero), while still being able to afford food/shelter/all that fun stuff, what sorts of passive income streams exist that could enable it?
Most of the obvious ones are pretty exploitative, either directly or indirectly:
- Real estate/rental properties are probably the most common one I hear. I don't think I need to go into detail on how hoarding property solely to profit isn't something I want to do.
- Stocks/investing is another one, but suffers two main problems: firstly, it requires a large amount of capital up front in order to “live off the interest”, and secondly relies on the markets to maximize profits which has some risk and moral compunction.
The only other one I can think of is through creative works that generate royalties – so either writing or some sort of acting/singing. Certainly possible for some, but it's not something everyone can aspire to.
So folks, any ideas how to not work and get paid ethically?