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linklings, propane edition
I think that investing or creating a self sustaining website (like a forum or wiki) with paid advertising is more along the lines of passive income.
On the other hand... income from investments is truly passive because once you make the deposit, you can just sit back and enjoy the interest without any maintenance.
The same way, income from rental properties only becomes passive when someone else is managing the properties for you. If you have to be a landlord, find tenants, and fix sinks... your trading your time for money.
I guess my take is that some of it has the ability to continue long after that initial investment of time/energy/money, whereas earned income stops the second you stop working. If I write a book, it may take 10 years, but if people keep buying it for the next 50 years I'll still receive some income. You could very easily argue that's just deferred compensation, though.
But you're right - I'm certainly not counting on writing 15 posts and then never posting again hoping that the timeless wisdom of this blog will draw people for years :) That might be a tad bit optimistic...
http://7million7years.com/2008/09/08/if-its-not...