<prompt> Human: All my life I have worked hard and earn money the conventional way, through being a PAYE and working for a company. In last 5 years, I have read books such as rich dad poor dad and 4 hour work week l. In short, they promote this idea of there being another way. A way to make money not earn money. Ideas such as setting up your own business, writing a money making blog, having a service people pay for. Here comes my question, is it realistic? Has passive income worked for others? I would love to have more time and money to enjoy life with my wife and growing kids BUT nearing 40 with a 63k wage packet..I have worked really hard to get here and will it take me just as long to get this passively? All I can find is small success stories not what I am assuming to be hundreds of failures. I know nothing about business set up, website development, personal promotion etc...at 40 realistic am i too late. Is my path set? What have others found?  <response>: Starting a business is risky. That is what Rich dad poor dad doesnt tell you. The author went bankrupt again, recently, by the way.But ... personally I have passive income from my investments. I have saved up roughly 100k pounds over the last 10 years, and it gives off roughly 4kyear of passive income dividends and growth of the value of the shares. Not enough to quit work just yet, but Im on my way there. 