Tag: Passive Income
Minimalism is Now a Necessity: We Can No Longer Afford Stuff
We are moving into a new era during the 2020s. We are transitioning from the prosperity era to the austerity era. This new austerity era will take no prisoners. If you don’t grasp how unforgiving this new timeline is, then you risk losing it all. What is the austerity era? This new era represents the…
The Six Types of Income Investing: Sorted by Risk
Income investing is my favorite type of passive income by far. However, it’s not for most people, and it takes an above-average knowledge of financial systems. If you are up for the challenge, I can briefly tour this wonderful “hobby.” Income investing can help you free yourself from the chains of employment much earlier than…
The Information: Passive Income is Your Only Chance at Happiness
Perhaps the title is slightly over the top, but I’ll explain my reasoning. I am writing this article for one reason: to quickly quote “the information.” Over my years of writing, I have begun to write “the information” as a quick reference to passive income, business, and entrepreneurship. For example, I say things like, “I…
Choose Between $100,000 Active Income and $50,000 Passive Income
I will ask you a question that will rattle you to your core. Do you really want to go to work every day? It’s okay to be truthful; I’ll go first. My job fulfilled me for the first 15 years after high school. At a random point, it became more of a chore than entertainment. …
Achieve F.I.R.E. via Income Investing
We all want to escape the workforce. I have been working since 1997, when I started at McDonald’s, and I’ve never seen an employment market like this. Everyone is overworked, underpaid, and struggling to survive. Leadership is even more chaotic and unorganized than the employees. If you do not have your finances in order, you…
Middle-Class Investing 103: Create Additional Streams of Income
To sit comfortably in the middle class, you must create additional income streams. Holding one or two jobs in the household is risky. Rich people understand the power of having multiple streams of income. It is how they continue to accumulate wealth, even during a recession. Welcome back to the Middle-Class Investing 101 series (101,…
To Be Truly Free 2: You’ll Need $20,000 a Month in Passive Income
My article “To Be Truly Free: You’ll Need $20,000/Month in Passive Income” is consistently one of my most read articles. People love to debate that they can live on much less money than this. Okay, I’ll bite. I can admit that I can live an extraordinary life at $8,000/month of passive income. I already have…
What is Passive Income?
I have been writing religiously about passive income (600+ articles) for a little over a year now. However, I don’t think I have written an article addressing passive income from the top down. Today is that day. I will attempt to cover all aspects of passive income the best way I can. What is passive…
21 Passive Income Ideas
I’ve been beating the drum to passive income for the last year now. Every day I write something about financial mindset, retirement planning, investing, cryptocurrencies, real estate, and business. I thought I would gather up some of my small business ideas in one place. Disclaimer, these are just ideas—it is incumbent on you to make…
How to Profit from Electric Vehicles
Today, we will use everything we have learned about automated business, value, and luxury vehicle rentals to build a profitable business model in the eclectic vehicle space. It will take all our entrepreneurial wits to accomplish this, so let’s get moving. Background. I stumbled upon a video on the Electric Hummer by one of my…
Write Book Reviews for Passive Income
Do you love to read books? Do you love a specific genre like romance, mysteries, or nonfiction? Well, do I have a new income stream for you. Why not start a blog where you review the books you read? I stumbled upon this passive income stream as I was starting my blog almost a year…
The Biggest Book on Passive Income Ever
The Biggest Book Ever of Passive Income includes 310+ Chapters, 1,000+ Pages, 350,000+ Words! And did I mention that each chapter has its own individually crafted chapter artwork? This should keep you motivated to reach the end. If you can finish this book, your outlook on life will be vastly different. Good Luck on your…
Standard Employee by Day, Passive Income Superhero by Night
Most people over the age of 8 don’t dream of being a superhero; our dreams have been supplanted by reality. But today, I can freely admit that I am a superhero—a Passive Income Superhero. I can finally admit it today because I just came up with the realization yesterday when I was talking to a…
Run a Passive Airbnb Business
Airbnb can be pretty polarizing. On the one hand, people love intimate settings; on the other, they don’t offer as many amenities as hotels and are starting to cost just as much. Whether you are team Airbnb or team hotel, there is passive income to make, so let’s learn something. Airbnb can be an excellent…
I Live Paycheck to Paycheck…So I have 300+ Paychecks a Month
Living paycheck to paycheck sucks in most instances. You usually have two paychecks a month, and a couple of days after payday, the money dries up. This scenario leads to a lot of waiting around and tension. There are two ways to change the habit of living paycheck to paycheck: save and budget your money…
From -$77,000 to +$150,000 in 22 Months
The following is a tale that I hope will inspire you to make changes in your life. As I wrote in “Living a Middle-Class Life is Stressful,” trying to keep up with life in America can be one of the worst choices you can make. Why is living middle class so draining? One word: Debt.…
We Make $50/day in Passive Income
I think every working soul dreams about making passive income. For years, we grind away at our day jobs, contemplating the days when we can be on the beach with our nice retirement checks coming in. “Life will be great,” we tell ourselves. When the workforce moved away from pension plans and into defined contribution…
Don’t Gamble Your Retirement Away
Let’s take your retirement nest egg and head down to Las Vegas. I am feeling lucky and there will be a full moon out tonight. Let’s let it ride, bet on black, and put it all on number 23. Does this sound like something that you would want to do? It sounds like a horrible…
5 Creative Ideas to Make Money While You Sleep
Passive income is so beloved because your money is off earning you more money every minute of the day. You may be in a meeting when you get notified of dividends that hit your account. You may be waking up when you see your bonds paid you interest. You may be looking at your bank…
Passive Income Ideas: $7,027 from $1,000
Wow! $7,027 from $1,000. That is a cool 700% return. Is it really possible? Of course it is. And you can have everything up and running by next weekend. The caveat is….you are not going to like what it entails. But you are not here to be comfortable, you are here to become rich! I…
