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Millennials are exhausted by working more for less.
(www.theguardian.com)
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And that’s basically it!
I mean if you're wealthy enough you can just make money on interest and dividends. You can get a 5% interest rate on $2m right now and that's insured, no real risk. That's like 75k/yr without doing any work.
But that's probably not what most people mean when they say passive income. And basic income for the wealthy is kind of backwards.