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Is there a possibility this is a vampiric action on society? Is it good or bad, maybe neither?
Do you think passive income is the source of any of our current troubles in society....homelessness, needing 3 jobs to simply provide food and shelter, needing 2 earner families, etc....
originally posted by: underwerks
a reply to: ClovenSky
Is there a possibility this is a vampiric action on society? Is it good or bad, maybe neither?
It depends on whether that wealth is hoarded or introduced back into the economy. Hoarded wealth is the basis for a lot of social problems.
When the richest 3 people in a nation have as much money as the entire rest of the country, something is broken.
originally posted by: ClovenSky
a reply to: Edumakated
But I don't think the demand vs. supply rules are in full effect anymore. There is some major distortion out there somewhere. I was talking with a restaurant owner the other day and he was lamenting on how hard it was to get and retain staff help. That if someone quit or was fired, they would be able to find another place of employment before the day was over regardless if was a server position or waiter, cook, busboys or even host.
Maybe it is just unique to this specific area, but I have a feeling it is becoming country wide. I ventured to ask maybe it was what he was paying and to his credit, he didn't get too pissed off at the question. Interesting he didn't really answer.
Maybe it could also be that having a job doesn't pay the bills anymore, the person of lower caste employment doesn't really get ahead and will still be in the red even after 60+ work weeks. If you can't get ahead, why even bother? Or if your welfare pays more to be unemployed, why search for a job?
Colloquially, it’s been used to define money being earned regularly with little or no effort on the part of the person receiving it. Popular types of passive income include real estate, peer-to-peer (P2P) lending and dividend stocks. Proponents of earning passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle. The type of earnings people usually associate with this are gains on stocks, interest, retirement pay, lottery winnings, online work and capital gains.
Passive income, when used as a technical term, is defined as either "net rental income" or "income from a business in which the taxpayer does not materially participate," and in some cases can include self-charged interest. It goes on to say that passive income "does not include salaries, portfolio, or investment income."
Ways to Increase Portfolio Income Purchase High-Paying Dividend Stocks: Investors can increase their portfolio income by buying stocks that pay an above-average dividend. Companies may raise their dividend payments as revenue and profit increase. Dividend payments can be paid directly to the shareholder or used to purchase additional shares in the company, referred to as a dividend reinvestment plan (DRIP).
There is some major distortion out there somewhere.
originally posted by: TonyS
a reply to: ClovenSky
Yea, that is hard to understand and what I'm seeing from Investopedia is that there seems to be some overlap between Passive Income and Portfolio income.
www.investopedia.com...
Colloquially, it’s been used to define money being earned regularly with little or no effort on the part of the person receiving it. Popular types of passive income include real estate, peer-to-peer (P2P) lending and dividend stocks. Proponents of earning passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle. The type of earnings people usually associate with this are gains on stocks, interest, retirement pay, lottery winnings, online work and capital gains.
Passive income, when used as a technical term, is defined as either "net rental income" or "income from a business in which the taxpayer does not materially participate," and in some cases can include self-charged interest. It goes on to say that passive income "does not include salaries, portfolio, or investment income."
So I've made the mistake I guess, of thinking of Dividends as passive income when in fact, technically speaking, Dividends are, technically speaking, Portfolio Income.
www.investopedia.com...
Ways to Increase Portfolio Income Purchase High-Paying Dividend Stocks: Investors can increase their portfolio income by buying stocks that pay an above-average dividend. Companies may raise their dividend payments as revenue and profit increase. Dividend payments can be paid directly to the shareholder or used to purchase additional shares in the company, referred to as a dividend reinvestment plan (DRIP).
I don't know, that almost seems like a distinction without much difference.
In talking about "debt" as an asset, I guess he's referring to peer to peer lending.