Writing for Passive Income: Become an Elite Content Creator

So, you want to become a writer? Becoming any type of content creator is challenging and liberating. But what makes writing so great?

I became a content creator in June 2020 when I started writing. No invisible walls or gatekeepers prevent you from becoming a writer.

To become a writer, you simply must write. I recommend reading some books to help you find your voice: “The Practice,” by Seth Godin, “On Writing Well,” by Williams Zinsser, and “How to Make a Living with Your Writing,” by Joanna Penn.

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You can write about anything you want as a writer and content creator, but that doesn’t mean you’ll make money from your work. You must write some content “to market” if you desire to make money.

What is passive income? Before I go further, I want to discuss “passive income.” You generate passive income from assets. Your assets produce income while you can spend your time elsewhere.

Writing a book is the perfect example of passive income. It may take you a week to write a book (or a year), but now you have an asset.

Your book will continue earning money for you, even past your death. That’s the power of passive income, but it comes with one significant caveat.

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Passive income takes massive work. Anybody can write a book, but very few people can sell one. That’s the conundrum most people find themselves in—how to create passive income from scratch.

My path to earning passive income from writing. I started writing because of Robert Kiyosaki. He said that you can create an asset from your mind. Since then, I have been fascinated with writing books with no overhead (except annual subscriptions like Canva).

I can take something I have read and apply it, and then I can write about my experiences. That’s how I have written almost 1,500 articles on my blog.

Trading options on the options market is one of those ideas. I only knew what an option was once I started my financial blog. I read multiple books and traded options with my own money. Now, options trading is one of my best-selling topics.

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I have multiple streams of passive income that I want to share. This will help you understand how writing plays into my entire financial situation.

1. Military retirement- the government pays me $9,000 per month from 24 years of service.
2. Renting rooms- our roommates pay us $1,000 monthly.
3. Dividends- my dividend portfolio pays me $2,000 per month.
4. Options trading- I earn roughly $100 per month trading options.
5. Rental properties- I clear $700 monthly after paying my mortgages.
6. Writing- I earn approximately $300 per month from writing and books.

As you can see, I don’t really need the money from writing. This gives me the freedom to write at my leisure. Most people will find more success at renting rooms than writing books or trading options.

Use Bond to Supplement Your Retirement

Writing articles and releasing books is the long game. You’ll need at least five years to gain traction.

Most writers don’t make enough money to become full-time content creators. However, in the proper context, writing can serve you well financially. Let’s examine when becoming a writer makes sense.

Why write? Writing is different from other forms of media because it has a much longer shelf-life. Writing also attracts a much different audience than video and podcasts.

If you can establish an audience for your writing, you can make money much more passively than via video, podcasts, or music.

Become CEO of Yourself 3

All roads to success via video lead through YouTube, which puts you at the mercy of Google. Becoming a writer is almost the exact opposite.

First, you can create your own writing platform by starting a blog. Blogs used to get a lot of organic traffic from Google, but those days are over. Big websites now own Google Search, but you have more avenues to monetize your work.

Writers can also find an audience on Medium (writing platform) and Substack (newsletter platform). You can also create your email list, which is worth its weight in gold.

Once you have enough articles, you can bundle them together and release an ebook. I release half of my books on Kindle Unlimited (Amazon) and the other half on Draft2Digital. 

Turn Your Garden into a Business

You can also build an audience on Twitter, WordPress, Facebook, Reddit, and LinkedIn—the list goes on. I would say you’ll need at least 200 articles to gain traction on any platform.

Finding your voice (niche). Writing to market is the most challenging part of writing for passive income, meaning writing stuff people will buy.

If you write enough, you’ll see trends in what your audience consumes the most. The 80/20 rule is still in effect. 

The Pareto Principle states that 20% of your work will account for 80% of your sales. The rule also applies to most things outside of your writing. 

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I can use the rule to generate a broad range of topics that I can use later. For example, I write about passive income in real estate, business, investing, and retirement.

Bonds, dividends, and stocks are my highest-selling topics. However, I do not want to devote all my effort to them.

I can use the 80/20 rule, knowing that most of my content will go under the radar. This knowledge allows me to write about real estate and business without losing much sleep.

Eventually, I can create exciting content by combining my most and least viewed content. For example, I recently released “Selling Covered Calls vs. Renting Rooms” and “Selling Cash-Secured Puts vs. Book Royalties.” 

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Nobody is writing about trading options versus books and renting rooms. I can offer something unique because I have been expanding my work outside my bread-and-butter topics.

To become a great writer, you want to offer something different and expansive. Harry Potter, Lord of the Rings, and Twilight were fantastic because they created great stories within a larger universe.

You also want to create your own universe, even in a nonfiction world. You want to have so much content that your audience can’t even finish it all.

Conclusion. You want to create a never-ending stream of evergreen content. Evergreen content doesn’t reach the same massive number as the 24-hour news cycle but stays around forever.

Run an Upscale Bed & Breakfast

Instead of writing about the 2024 election, write about how to use your political degree in real life. There will always be someone looking to achieve what you did.

People are always looking to start a family, attend college, become doctors, climb the corporate ladder, join the military, or build a business. If you achieve it, your voice is critical; share it.

To create passive income, you’ll need a lot of material. Each article you write is an asset. If you write evergreen content, you can leverage it for the rest of your life.

Eventually, your article will generate a few pennies, which turn into dollars and hundreds of dollars. This phenomenon is the power of compounding.

It takes 10,000 hours to create a content stream, so your voice will become clearer as you keep writing. Ultimately, you’ll become the writer you always envisioned. Good Luck!

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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing