Relaxing and Doing Nothing

🌴 Do you know the joke: an entrepreneur arrives on an island, and there’s a local resident lying under a palm tree all day doing nothing. The businessman asks him:
- Why are you idling? You could climb the palm tree, pick some bananas, go to the market, and sell them.
- Why?
- Well, “why”! You’ll earn money from the sales, you can buy a cart and pick even more!
- Why?
- Then from the sales, you can buy a truck, hire workers, and you’ll be able to relax and do nothing!
- But I’m already relaxing and doing nothing!

Different values, different mindsets. Entrepreneurs are wired in a way that they can’t sit idle. However, especially among the younger generation, there’s a growing popularity of the lifestyle where you lie under a palm tree, do nothing, and money seems to magically appear. You don’t contribute any value to the world, but the world brings value to you. Many are searching for ways to generate passive income: they attend seminars, pay for masterminds, simply meditate and say, “money, come to me,” often without truly understanding how much money they need and where it should come from.

So, is it possible to earn passive income? Absolutely! Bonds, dividends from large companies’ stocks, rental income with a management company. I’m not including dividends from a business here because, one way or another, you still need to be active in that business.

🧮 Now calculate how much you need per month for a peaceful life. Let’s say, $5,000. The income from low-risk assets averages 2–3%. It could even be 5–6% from rent. Let’s roughly take 4%. Ok, for this, you would need $1.5M in assets. All that’s left is to find that amount, and you can comfortably relax under a palm tree.

But anyway, you’ll indeed need to bring value to this world in the form of those 1.5 million dollars and your efforts in earning them. That’s how the world operates.

🤷🏻‍♀️ Perhaps I have disappointed you, and there is another world somewhere…

Originally published at https://skynetdreams.com on September 28, 2023.