I’m a <a s How I Make $27K Every Week
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Making thousands of dollars a week without trading every hour for a paycheck sounds like the ultimate financial goal. But “<a is often more active than it looks. Most income streams require a lot of initial work, ongoing maintenance or both before they can reliably generate passive money.
Alex Genadinik, online entrepreneur, instructor, and founder of
He thinks he could cut his working time to around five hours a week and still get most of his current income, with the caveat that growth would probably be hurt.
Another advantage of Genadinik’s model is its relatively low overhead. His ongoing costs are mostly small costs for freelancers since he doesn’t do any advertising.
So, before you chase any passive income idea, calculate your potential net income, including platform fees, software, contractors, <a t Assume Today's Strategy Will Work Forever
Genadinik’s biggest concern is artificial intelligence.
“At the moment, it’s not certain how AI will impact online education, but some of the education market is definitely taken up by AI, leaving a smaller share for human instructors,” he said.
Genadinik advice for anyone wanting to start a passive business right now is to incorporate AI early. But he also wonders whether it’s the right thing to do today to get into the content business, because of the competition from AI. He thinks it might make more sense to jump in a totally different business today.
