RE: Is It a Myth? – the Genuine Truth About Passive Income
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Some good thoughts to consider. I think that there are some forms of passive income that can serve as a supplement to a 'conventional' income. For example, Lending Club allows you to earn a much better interest rate of return than your average savings account while being only moderately more risky if set up properly. I have a small amount in an account there using an automated re-investment tool they offer. There are other similar opportunities as well, I'm sure. You might not get rich, but you can stay ahead of inflation :).
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And to set it up properly, you have to work hard.
(I'm not sure if it is only "moderately more risky"...)