Followup question (if allowed). If your passive income involves software and you're also employed at a software company, how do you deal with the potential legal problems?
Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Do people just keep quiet and not tell their employer? How risky is it? I know some people who simply don't bother telling their employer (and may or may not pay taxes, too), but I guess you can only do this up to a certain point.
Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Do people just keep quiet and not tell their employer? How risky is it? I know some people who simply don't bother telling their employer (and may or may not pay taxes, too), but I guess you can only do this up to a certain point.