Morgan Housel

Famously lives in the house he bought when he was like 26 or whatever.

And I think that works for him.

Totally fits his personality.

Everyone's going to be a little bit different here.

It's a very appealing word because the idea is I get paid to do nothing.

But the vast majority of what people consider passive income, they're working their butts off for.

Particularly real estate, if you're a landlord and people are like, oh, it's passive income.

No, it's not.

Your toilet breaks, the roof leaks, the tenant doesn't pay.

They put a hole in the wall.

Like anyone who's been a landlord knows that it could be, particularly if you have multiple properties, the full-time job.

absolutely a full-time job.

Is that passive?

Like, no.

The only like true passive income would be like you own treasury bonds and the interest is, you know, you actually didn't have to do anything for that.

There's an opportunity cost in there, so it's not like purely free money, but

So dividends, interest like that, that could be considered passive income.

But most of what people consider like the income hacks that they have and people get really crazy about it.

They're like, oh, I do consulting and that's passive income.

Like what?