Passive income: YES

Becoming a financial planner with the goal of earning passive income is a realistic possibility. By setting up systems for client management, automated investment tools, and outsourcing administrative tasks, individuals can work towards creating a more passive income stream. However, achieving true passive income in this field typically involves a significant amount of upfront work and ongoing maintenance. While some individuals do reach a level of passive income, it is more common for financial planners to have a mix of active and passive income streams. Misleading expectations often arise from claims of quick and effortless passive income generation, which is not the norm in this industry. Overall, passive income is achievable in financial planning, but it requires dedication, strategic planning, and ongoing effort.