Thursday, 17 April 2014

Almost Passive Income

I used a laundrette in Geneva once. It may have been the only time I have used one. We had just finished a three day bike ride around Lake Geneva.  Those clothes needed a wash.  It wasn't that simple to use but one of the locals pointed at this button then that button and soon we were washing.  My brother in law has just opened the state of the art laundrette that is automated in everyway from controlling washers and dryers as well as doors and cameras, all from his mobile phone.  There is a certain amount of maintenance.
This approach is not the same as writing a book and then sitting back with your feet up watching the proceeds mount up.  This is an engineering marvel, importing machines, solar systems for water, security systems everywhere, electronic lighting and advertising, Wi-Fi for the customers.  A lot of investment and work beforehand.  Now if you put your feet up you can wash your socks at the same time.

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