The passive income lifestyle

by Zodiax
109 replies
For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

I was thinking making money and living on the beach would be tiring after a while.
#income #lifestyle #passive
  • Profile picture of the author talfighel
    It is very true that earning residual money from sales you made in the past is better then trying each month to get new sales. Lord knows I did that before for a few years and can tell you that selling one time commission products is harder because you need to get new sales to keep a positive cash flow.

    Originally Posted by Zodiax View Post

    I was thinking making money and living on the beach would be tiring after a while.
    That is not what most of the gurus or experts do anyway. That would be boring after a while.
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  • You have to love what you do. If you earn a considerable income doing something you don't like that takes one hour a day... well... you have a great opportunity to embark on a new journey.

    Donald Trump eats his lunch at his desk whilst working.
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  • Profile picture of the author Brent Stangel
    I was thinking making money and living on the beach would be tiring after a while.
    It's a tough job, but someone has to do it.
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    • Profile picture of the author vikash_kumar
      Originally Posted by Brent Stangel View Post

      It's a tough job, but someone has to do it.
      Its a Dream for 99.99% of all Internet Marketers....
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      • Profile picture of the author Samuel Adams
        Originally Posted by vikash_kumar View Post

        Its a Dream for 99.99% of all Internet Marketers....
        And, that dream has caused a lot of would be internet marketers/newcomers to buy courses and ebooks and coaching that is worthless. The only people making money off the dream that there is such a thing as completely hands-off, residual business (no effort to maintain type) are the ones selling the 'internet marketing how to' content.
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    • Profile picture of the author webcosmo
      Originally Posted by Brent Stangel View Post

      It's a tough job, but someone has to do it.
      Yeah, right! Who could possibly get bored by earning passively? It`s only logical that you can do interesting things the reast of the day, it`s not like you`re sleeping 23 hours and work one hour.
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  • Profile picture of the author ronrule
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    No one is doing that.

    Making money is easy... it's keeping it that requires work. If you have a team of employees keeping the machine lubricated, and decision-makers making the necessary strategic changes, you could conceivably live that lifestyle. But for a solo entrepreneur, it would be short lived.

    Affiliates will always find new things to promote.
    Google will always make changes that impact your rankings and traffic.
    Competitors will always analyze what's working for you and seek to one-up you - either by creating a better product, or "out-marketing" you. Or both.

    This thing we call a "passive income" really isn't... in fact, I think you'll find that most of the people who claim to make a passive income actually work more than the typical 9 to 5'er. The difference is they've made work a part of their lifestyle, so it gives the "illusion" of freedom.

    Sure, they're hanging out at the tiki bar at 2:00 in the afternoon on a Wednesday, but they're buried in their tablet the entire time. They take a lot of "vacations" but always have their laptop and other misc. devices to stay connected. They're pecking away on their phone responding to emails while out to dinner with their friends or at the beach with their kids. And if they stop doing any of these things, even for just a day or two, the next day will require 100% of their time just to catch up.

    There is no such thing as a passive income in IM. Your "residual commissions" only last until the customers you referred cancel, or the company/offer you promoted ends or goes belly up - and many of them do on both counts. A passive income and a reliable income aren't the same thing, and everyone in this space is constantly seeking out new opportunities and managing existing ones to stay on track. Anyone who isn't living off of money that's already in the bank (or interest from it) and says "I only work an hour a day" is kidding themselves... they might only focus on it for an hour a day, but I guarantee you they're connected 24/7.
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    • Profile picture of the author Bright-Eyed
      Originally Posted by ronrule View Post


      Sure, they're hanging out at the tiki bar at 2:00 in the afternoon on a Wednesday, but they're buried in their tablet the entire time. They take a lot of "vacations" but always have their laptop and other misc. devices to stay connected. They're pecking away on their phone responding to emails while out to dinner with their friends or at the beach with their kids. And if they stop doing any of these things, even for just a day or two, the next day will require 100% of their time just to catch up.
      I respectfully disagree, sir!
      I take LOTS of days off, things still keep going. When I go out to the Tiki bar at 2pm on a Weds, I bring NO electronics, NO devices, just a magazine or a friend.

      Maybe your entrepreneurial friends do this, but it doesn't mean that every entrepreneur does.
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    • Profile picture of the author kindsvater
      Originally Posted by ronrule View Post

      No one is doing that.

      ...

      There is no such thing as a passive income in IM.
      Allen might disagree. So would a few others.

      I make money every day from sites and pages I haven't touched in years.

      But you are right that things change and for some projects what you think is going to be big, passive, long-lasting income turns out not to be so - for the reasons you mentioned. Google changes are at the top of my list.

      .
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  • Profile picture of the author brettb
    Most people in the business have to keep working. I have a friend who makes $$$ each month from his forum, but he's lazy and sooner or later a better forum will dislodge him.

    My own software business makes about $100 a month now - in 2008 it was making $2000 a month. See what happens when you become complacent?

    So passive income is a myth really.
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    • Profile picture of the author jwmann2
      If you work from home with your own online income, you should have no issues putting in 8 hours a day, 7 days a week. Very comfortable work setting, wake up when you want, watch tv while you work. It's beautiful. But few marketers ever reach that level. It takes time and true entrepreneurs never lose that hunger.
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  • Profile picture of the author Stevie C
    The Sitting on the beach while watching your Paypal account fill up lifestyle was created to lure in newbies and sell a book by Tim Ferris

    Yes if you are doing things right you can go to sleep at night and wake up in the morning and find that you've made X amount of dollars while you sleep but you are still going to have to put the work in the next day if you plan on sustaining that income.
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  • Profile picture of the author Gambino
    Originally Posted by Zodiax View Post

    I was thinking making money and living on the beach would be tiring after a while.
    Pretty much my goal. There are worse places to live, IMO.
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  • Profile picture of the author absolutelee
    It's not really passive income. It's more like very actively managed passive income, if you know what I mean.
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    • Profile picture of the author JohnTheJock
      You have to stay on the treadmill but it's great fun if you love what you do
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  • Profile picture of the author XponentSYS
    I do not make residual affiliate commish. I do however, own memberships that throw off a significant residual.

    I'm not bored.

    I'm also not working 30 seconds a day. I work 40 - 60 hours a week AND That's with my assistant who works 40 hours a week.

    The residuals are nice because they provide income consistancy but I'm ALWAYS spending my time working on the next project or doing consults.

    My assistant handles all the busy work like answering the phone, book keeping, customer support emails and PMs .

    I agree with those who say "passive income" isn't really "passive."

    I think a better word for it is "cash flow".

    There is what's called an "attrition rate" and that's basically how long a member "sticks" in a membership re bill program. For me, it's around 11 months.

    Therefore my memberships need to constantly be promoted and new members constantly ADDED or things would dry up.

    That, along with everything else I do, translates into a VERY full time job.

    The good news is. If you do it right and do keep workingthe sum of your re bills each month can be greater than what's considered a high end annual income.
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  • Profile picture of the author chall
    I am new to affiliate marketing.I just created my first blog.That passive lifestyle doesn`t sound boring to me.Achieving that lifestyle seems to be out of range at the moment,but I keep trying.I dream of that lifestye.
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    • Profile picture of the author webmonopoly
      Originally Posted by chall View Post

      I am new to affiliate marketing.I just created my first blog.That passive lifestyle doesn`t sound boring to me.Achieving that lifestyle seems to be out of range at the moment,but I keep trying.I dream of that lifestye.
      Just a tip, put a space after your punctuations... I noticed you are doing the same on your blog.
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  • Profile picture of the author clever7
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    You don't need to spend all your time at the beach. You can go to many other places and do many other things.




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  • Profile picture of the author drr
    True, love residual income when it's available. Thing is, clients typically are more reluctant to sign up to recurring subscriptions and the cancel rates are often quite high on many recurring income products.
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  • Profile picture of the author Martin Avis
    Tim Ferris always seems a bit of a workaholic to me.

    I make a perfectly good income from writing my newsletter for about 2 hours a week. 3 if I'm feeling particularly garrulous.

    Does that mean I don't do anything for the rest of my time? Sometimes. I'm off to the theatre this afternoon and my wife and I like to eat out and go to the movies rather more often than most people.

    But the reality is that I love Internet marketing, blogging, website building, php coding and all kinds of other related activities and don't consider any of them to be work. In fact, even the 2-3 hours writing my newsletter is hardly 'work' in any conventional sense.

    The Internet lifestyle - which is what this thread is really about, whether it is generated entirely from passive income or just easy income - is about having freedom. Freedom to work when you want to, freedom to goof off when you want to and freedom to live your life without guilt.

    It isn't easy to achieve, but it is a lot easier than serving a 5-year apprenticeship or slaving in a soulless, thankless office for most of your life (done that, glad to be out of it!)

    Martin
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  • Profile picture of the author schttrj
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    Well, who told you to be still after you are done setting up the system? Why not rinse and repeat, and the some? You might just end up beating the other guys on the Forbes list.
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  • Profile picture of the author robvegas626
    The key here is to learn how to effectively outsource and delegate responsibilities. I could get away with working a four-hour work week and money would keep coming in (because I spent YEARS setting up my products and sales funnels, and building a network of affiliates)...but I work a heck of lot more than that, because it keeps me busy and it's intellectually and creatively challenging.

    My point, though, is that outsourcing is the key. Your income will never be "passive" (and you won't get to fully reap the benefits of the internet lifestyle) if you're still shouldering all of the grunt work. As soon as it's financially possible, you've got to start building your team, piece by piece, so that you can free yourself up to focus on the big picture of your business. This can begin with hiring a "virtual worker" in the Philippines for a couple hundred dollars a month. From there, you can add a programmer, a graphic designer, a full-time content writer, customer service, and so on...
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  • Profile picture of the author Matthew Trujillo
    Getting bored of making money?

    That's like saying:

    Do you get tired of having freedom?

    Do you get tired of having time to do whatever you want?

    Just how important is freedom and time to you?
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  • Profile picture of the author Jeffery Moss
    The 'passive income' or 'earn as you sleep' notion was fabricated by internet marketing gurus looking to sell info products. If you want to earn, you must find a product that pays residual (such as monthly web hosting or a subscription based site) and then constantly promote it again and again over the years, not just once. There is no set it and forget it plan in internet marketing. Even if your product pays out monthly, the marketing process will be continuous.
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  • Profile picture of the author carlamae
    If it was so easy to set it and forget everyone would be loaded!
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  • Profile picture of the author klinks
    Bored of making money?? Bored seeing money hit the PayPal while I sleep?? Man that's a nice problem to have. LOL #RichPeopleProblems
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  • Profile picture of the author pewpewpewmonkeys
    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?...I was thinking making money and living on the beach would be tiring after a while.
    Only if you don't count the variables of alcohol and pistols.
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    Some cause-oriented hackers recently hacked one of my websites. So I researched what they're about and then donated a large sum of money to the entity they hate the most.

    The next time they hack one of my websites I'm going to donate DOUBLE.
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  • Profile picture of the author hustlinsmoke
    I have residual income from way back and I'm not rich yet. Companies go out of business, links are dead ect.

    I do know some that live on the beach and work in Im, or travel and do it and make a full time income. They work though that is for sure. They still do everything they did at home. Let your guard down and someone will steal your castle.

    Walmart could stop building right now and still remain on top for a long time. Do you think it will be that easy. There people work just as hard today as when they were new.
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  • Profile picture of the author sree94
    One of the many nice things about it is that it allows you to take some chances. You're liberated from the thinking of "oh, I have to make XXX amount to quit my job, or pay my mortgage"... etc
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  • Profile picture of the author Kenster
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.

    Most people I know in this business are serial entrepreneurs so they are always building something...that's just the nature of most entrepreneurs.

    Personally, I like to work hard, build stuff, make it as passive as possible, then take a good chunk of time off. Then back to the grind because I DO get bored...or just need some entrepreneurial stimulation if you will.
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  • Profile picture of the author tyronne78
    The passive income lifestyle is nice but it has to be more than that. The secret is to have a love for what you do. If you're passionate about what you do you'll do great work. Plus passion will keep you going and you'll never get bored even when you're sitting comfortably and the money is rolling in.
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  • Profile picture of the author Samuel Adams
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?
    Despite what they say, most internet marketers are not at this point where they can actually retire and get residual checks. Any type of online marketing takes active effort and when you stop promoting and optimizing for SEO, your sites become obsolete quickly as they are replaced by more relevant sites in Google search. Nothing lasts forever if you take it for granted, especially income from internet marketing.
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  • Profile picture of the author onlinebizgiant
    if you feel bored that means you've lost the passion. Once you lost the passion and feel bored, don't worry about residual income, it won't happen.
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  • Profile picture of the author cyberzolo
    I havent got to the point where I no longer have to work but if I did I would personally get bored because there would be nothing else left to do.
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  • Profile picture of the author gsinfovision
    Banned
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    That's true actually. You dream big, achieve it and then think "oh that was easy" and suddenly you need a new dream for the "thrill" of it.
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  • I'm not even close to the point of completely passive income, but I can think of dozens of reasons I'd never be bored with it: start another business, volunteer my time to charity, learn a new language, visit new countries, study a martial art, earn a scuba diving certification, take up surfing, chase women, register for cooking classes, write a book, renovate a house, road trip across the US, motorcycle through Vietnam, learn to play an instrument, go skydiving, build a family, coach a youth basketball team, etc.

    Then again, my passion is for life (doing, learning, experiencing), not any particular "job" or "work".
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  • Profile picture of the author ryanbiddulph
    Hi Zodiax!

    No I'm living 800 meters from teh Gulf of Thailand now. Life is not boring. Mainly because I enjoy helping, writing and connecting, and I also enjoy having lived in tropical hotspots like Bali, Phuket and here in Pak Nam Pran, along with spots like Penang, and Quepos.....etc.....etc.

    If you pick your niche based on your passion, and dig the tropics, each hour is exciting, and fulfilling, most of the time at least.

    It's not for everybody though. Some travel blogger got totally sick of Phuket after 5 months. I would live there for the rest of my life if I ever settled down in 1 spot. My 5 months spent there felt like 5 days in many ways. Breath-taking scenery, and what a great spot on the southern tip of the island, where we stay.

    As for the passive income bit, if you chase money then you'll be bored but if you follow your passion you'll never be bored. I enjoyed writing 2000 word posts daily and publishing 1 minute long videos, and I enjoy living in paradise, so I'll enjoy life.

    Just a take from a guy who has been island hopping for the past 3 years, generating active and passive income

    Tie your life to your passions, and creating service, and you'll enjoy the journey most of the time!

    Ryan B
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  • Profile picture of the author andrealouisechang
    Banned
    Living on the beach can get boring, even with tons of money pouring into your PayPal account. Even the richest go further and look for new and better ways to make more and more money elsewhere.
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    • Profile picture of the author JohnnyPlan
      Originally Posted by andrealouisechang View Post

      Living on the beach can get boring, even with tons of money pouring into your PayPal account. Even the richest go further and look for new and better ways to make more and more money elsewhere.
      There's no such thing as this and it's an internet marketing illusion created by greedy marketing entrepreneurs who are trying to sell 'special offer ebooks' to new people online. Very few 'passive' income opportunities that will allow you to perpetually earn money day after day for the rest of your life without work. My best advice is start investing when you are twenty and forty years later you might have enough for the beach lifestyle.
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      • Profile picture of the author Mr Bill
        Originally Posted by JohnnyPlan View Post

        There's no such thing as this and it's an internet marketing illusion created by greedy marketing entrepreneurs who are trying to sell 'special offer ebooks' to new people online. Very few 'passive' income opportunities that will allow you to perpetually earn money day after day for the rest of your life without work. My best advice is start investing when you are twenty and forty years later you might have enough for the beach lifestyle.
        Wow, you could not be more wrong. Of course it's possible and it doesn't have to be "for life" to be passive. The internet is only in it's infancy but there are plenty of people who have been earning passive income. I've had it and I know heaps of others who have it too. Just because you find it too good to believe doesn't mean that it's not happening. I can assure you it is true and can be for anyone who really wants it if they put their heart and mind to achieving it.

        Don't give up yet John but being bitter and negative won't get you there any faster - you just need to hang out with more winners and less losers.
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  • Profile picture of the author Alice12345
    I dont know what people think. But I never get bored doing stuff when I see people pay me money everyday.

    Not paid to my boss and my boss paid me.

    You will not always get what you want. But if you try sometime, you might get what you need.
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  • Profile picture of the author jessicah
    Well, if you get tired after a while living on the beach, fi you have enoguh money as you say, move somewhere else if that works for you. If you have the money, you can find things to do in order to maintain an entertaining lifestyle
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  • Profile picture of the author Devilfish168
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    lol can tell me which program or?

    actually now ..I still cannot find a workable..realiable...program pay to my paypal...
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    • Profile picture of the author ronrule
      Originally Posted by Javisito View Post

      Can you ever be bored when making money?
      If you've ever had a regular job, you know the answer is yes.
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    • Profile picture of the author Alice12345
      Originally Posted by Javisito View Post

      Can you ever be bored when making money?
      Thats my point man.
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      • Profile picture of the author marciayudkin
        I was thinking making money and living on the beach would be tiring after a while.
        I spend four months a year living on the beach (in Maui) and so far it is not boring at all.

        What do I do the other eight months a year? I am working on my passive income empire so that in a few years I can retire, live on the beach full-time and keep money rolling in. It's not as easy as some people make it out to be, but it is quite possible!

        Marcia Yudkin
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        • Profile picture of the author marciayudkin
          But there are no "hobbies" in IM ... you're promoting a product, plain and simple. Maybe it's yours, maybe it's someone else's, but you're doing it because you want the cash not because you "love it".
          That's your opinion. I strongly disagree.

          When I was 8 years old, I created a Family Newspaper that I published for several years for my relatives. It was my idea, my execution, although my mother helped by running off the issues on the purple-ink mimeograph machine where she taught.

          Much of what I do today is similar - I enjoy writing, spreading ideas, explaining what I know. Some of it makes me money, some of it does not. I make money as a byproduct of what I enjoy, not because I have my head down and work hard at something unpleasant just to get the cash.

          Bob Bly, among other marketing colleagues of mine, is much the same.

          Marcia Yudkin
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          Check out Marcia Yudkin's No-Hype Marketing Academy for courses on copywriting, publicity, infomarketing, marketing plans, naming, and branding - not to mention the popular "Marketing for Introverts" course.
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  • Profile picture of the author cheehien
    Well, i would wish to do charity and something never done before...
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  • Profile picture of the author Rod Dinero
    I dont know about you guys, but I would take that boredom all day long
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  • Profile picture of the author lukeblower
    I think it's the flexibility that is most attractive- of course that life style is not for everyone.
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  • Profile picture of the author Joe Benjamin
    I get daily payments without doing nothing
    much except light maintenance 1 hour or so
    a week.

    And I thought when this happened I, too,
    would be sitting on a beach somewhere...

    ...sipping Pina Colada's.

    Fact of the matter is...

    ...I simply love what I do.

    I might take a break for a day or two after a
    long project. See friends and family. Spread
    the word and help them get into my game...

    ...strangers too, occasionally.

    ...then I'm BACK in the grind!

    I can't control all the ideas that come to me
    in dreams...

    ...from observation...

    ...studying...

    ...reverse engineering.

    Sometimes I'll get a 'spark' and I just HAVE
    to go forward with it just to see how it pans
    out.

    I'm too damn curious for my own good.

    Sometimes the ideas are winners, most times
    it's not, but it's fun to do regardless.

    When they win I "Thank God for the idea"

    When they lose, I do the same.

    Because it is God he gave me the brain and
    mind and body to ACT on these ideas.

    With all things being equal...

    ...how CAN a entrepreneur rest on his laurels?

    I've never met one who has, regardless HOW
    wealthy, rich or well-off YOU think they are.

    In OUR minds we don't see it that way.

    In OUR heads we want to keep going, because
    it's the implementing of the ideas...

    ...trying...

    ...failing...

    ...getting up and trying again until we succeed
    that we go for.


    At least I do.

    I can appreciate ridding a bike better than if I
    were BORN to know how to ride.

    I'll never forget the bumps, bruises and scars
    I got learning how to ride a bike.

    So to this day, I appreciate a bicycle, perhaps
    more than I do driving a car -- the learning curve
    was simply almost non-existent.

    The most successful people are the ones who
    want to figure out a system that kicks out cash,
    but it's the process of FIGURING IT OUT and
    ACTING ON IT that keeps us coming back.

    Not the money.

    Not the income.

    The Journey.

    -- Joe Benjamin --



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    • Profile picture of the author Alice12345
      Originally Posted by Joe Benjamin View Post

      I get daily payments without doing nothing
      much except light maintenance 1 hour or so
      a week.

      And I thought when this happened I, too,
      would be sitting on a beach somewhere...

      ...sipping Pina Colada's.

      Fact of the matter is...

      ...I simply love what I do.

      I might take a break for a day or two after a
      long project. See friends and family. Spread
      the word and help them get into my game...

      ...strangers too, occasionally.

      ...then I'm BACK in the grind!

      I can't control all the ideas that come to me
      in dreams...

      ...from observation...

      ...studying...

      ...reverse engineering.

      Sometimes I'll get a 'spark' and I just HAVE
      to go forward with it just to see how it pans
      out.

      I'm too damn curious for my own good.

      Sometimes the ideas are winners, most times
      it's not, but it's fun to do regardless.

      When they win I "Thank God for the idea"

      When they lose, I do the same.

      Because it is God he gave me the brain and
      mind and body to ACT on these ideas.

      With all things being equal...

      ...how CAN a entrepreneur rest on his laurels?

      I've never met one who has, regardless HOW
      wealthy, rich or well-off YOU think they are.

      In OUR minds we don't see it that way.

      In OUR heads we want to keep going, because
      it's the implementing of the ideas...

      ...trying...

      ...failing...

      ...getting up and trying again until we succeed
      that we go for.


      At least I do.

      I can appreciate ridding a bike better than if I
      were BORN to know how to ride.

      I'll never forget the bumps, bruises and scars
      I got learning how to ride a bike.

      So to this day, I appreciate a bicycle, perhaps
      more than I do driving a car -- the learning curve
      was simply almost non-existent.

      The most successful people are the ones who
      want to figure out a system that kicks out cash,
      but it's the process of FIGURING IT OUT and
      ACTING ON IT that keeps us coming back.

      Not the money.

      Not the income.

      The Journey.

      -- Joe Benjamin --



      The journey which is where the fun begin.
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  • Profile picture of the author johnpriceonline
    I have to work really hard still for my passive income (hmmm that doesn't make sense)...But I can do it from wherever. I usually pick the beach for months at a time.

    Take Pat Flynn for example. Generating $70,000 a month but if he were to just stop, that number would drop like crazy. But he seems to love what he does and he innovates along the way.

    I see real passive income these days as my real estate projects that literally require no work out of me and I receive a lease check each month. But it took quite a bit of capitol to get started.
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  • Profile picture of the author actionplanbiz
    ive done that before and my passive income died.

    "if your not growing, your dying"

    moral of the story: after your using the motivation of achieving what you "need," continue by refreshing that motivation to constantly improve to keep it alive.
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  • Profile picture of the author Mikepetrea
    Not bored here .. : )
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    Mike, SC

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  • Profile picture of the author LeonLion
    I agree with the previous comments saying that you will keep working because you love the work.

    While I am not a very successful Internet Marketeer (you get what you put in and I didn't nearly try hard enough), I had a six month period when I literally got a paycheck for putting my signature on a document, only once a month.
    It was the best time of my life, and I was never bored. Even after it ended, my life was way better than before. It was the chance to explore a lot of different interest, travel, interact with all kinds of people, experimenting with what kind of person I could be.
    In the end I sat back, reflected on it all, picked out two hobbies and a handful of people "to keep" and went back to a normal life without much trouble.

    It might seem contradictory, but that period without work taught me how to work - I suddenly realized that I only put in effort when there was external pressure, so I acquired a lot of new habits to get myself working on personal projects, while before those always destined to be done "someday" (i.e. never).
    So in that period I became productive, despite there being no need to.
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  • Profile picture of the author annacao
    I think if you were to use all the passive income to spend on yourself or family only, eventually you will get bored because you have nothing else left to buy, or you have been to the holiday resorts so many times the sight of them just makes you bored to death. And I think that's where most of us start out.

    However, I think if you used your income for other purposes (and there are gazillions of them!!!) that do not centre around yourself, you will find new and ever lasting purpose. They say money doesn't buy happiness but I totally disagree with that. If you had a never ending source of money, imagine what an impact you could make in the world!!!

    I think once you have lots of wealth, you'll develop the desire to help others. Once you start helping others, you'll realise that no amount of money is enough to help them all. hence you keep striving and continually raise your standards.
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    • Profile picture of the author ronrule
      Originally Posted by annacao View Post

      I think if you were to use all the passive income to spend on yourself or family only, eventually you will get bored because you have nothing else left to buy, or you have been to the holiday resorts so many times the sight of them just makes you bored to death. And I think that's where most of us start out.

      However, I think if you used your income for other purposes (and there are gazillions of them!!!) that do not centre around yourself, you will find new and ever lasting purpose. They say money doesn't buy happiness but I totally disagree with that. If you had a never ending source of money, imagine what an impact you could make in the world!!!

      I think once you have lots of wealth, you'll develop the desire to help others. Once you start helping others, you'll realise that no amount of money is enough to help them all. hence you keep striving and continually raise your standards.
      There's a lot to see in this world ... heck, you could go to a place like Yosemite or Yellowstone every weekend for the rest of your life and still never see all of it.

      As for "helping others", the Libertarian in me sees this differently than most people. I don't believe that giving people money solves any problems. As a society we've been propping up the bottom for 4 generations - and the truth is we've SOLVED IT. At least, we've solved it by the definition of what it was when we started. The problem is we keep changing the definition.

      When this country started the "War on Poverty" the poor were living in squalor, starving, with barely a roof over their head. Today's poor don't have that problem... today's "poor" live in air conditioned houses, own televisions, cars, and are well fed (sometimes to the point of obesity). They have jobs with good working conditions, many even own their own homes. What we consider "basic" today was a lifestyle that only the uber wealthy had when the "war on poverty" began. The war is OVER by it's initial definition.

      My point is that as long as we prop up the bottom through charity, all we're really doing is moving the line on what we consider the bottom, and that's a never-ending cycle. Which is why I would rather invest in entrepreneurship and innovation than invest in "charity", because innovation is RESPONSIBLE for those quality of life advances. I'd rather invest in a startup that will make a difference in the world - something that will improve people's lives. Maybe that's a new technology, or maybe it's something as simple as a run of the mill service-based company that will turn a nice profit and create a lot of jobs. Growth is a better use of proceeds than charity. It's the whole "teach a man to fish" argument. I can buy you your next meal, and solve your problem today, or I can invest in a smart entrepreneur who will ultimately lead to hundreds of people getting their next meal indefinitely.

      At least that's how I look at it.
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  • Profile picture of the author Stuart Walker
    There's a quote from a famous entrepreneur (I forget who) that goes something like this...

    "I gave up the 40hr work week to work a 60hr week"

    I'm paraphrasing as they said it much more eloquently.

    I think you get the jist of it.

    I have some residual income from things I've done in the past that I no longer maintain or put any work into - i.e. Youtube videos I made about 2 years ago that point to affiliate products.

    They still bring in commissions and I don't even know what YT account these videos are on or how to find them anymore. I lost all my records a year ago when my computer packed in.

    I have 'passive' income in a sense from my email lists.

    Messages in my autoresponder follow up series that continually have new subscribers opening them but I still have to funnel people onto my list for that to continue to bring income.

    So I guess you could argue it's not really passive.
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  • Profile picture of the author Stuart Walker
    Am I the only person who finds the beach pretty boring anyway?

    It's OK for a day or two but there's only so much sand and sunburn I can take.

    People dream about living on 'paradise' islands but that would be my ideal of hell. I need to live in a vibrant city with lots going on or I get bored.
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  • Profile picture of the author jlxseo
    For me, passive income doesn't so much mean little or no work, it means convenience of what work I have - setting my own hours, working from a coffee shop (or beach, as the popular vision goes), etc.

    As so many have said, if you don't like what you do, even if it's "passive" then it's still eating up your time and energy in stress and malcontent.

    If you love your work, you could put 60 hours a week into your "passive income" and it would seem like so many minutes. Passive income is a state mind, to me.

    Originally Posted by Stuart Walker View Post

    Am I the only person who finds the beach pretty boring anyway?

    It's OK for a day or two but there's only so much sand and sunburn I can take.

    People dream about living on 'paradise' islands but that would be my ideal of hell. I need to live in a vibrant city with lots going on or I get bored.
    My dream locale is a Craftsman bungalow about an hour from a medium-big city. Just outside Longview, WA, is the perfect area for me. About an hour from Portland, a few minutes from Longview proper, no state income tax, and you drive south to Oregon and buy sales tax-free, plus you get views of the river and get to drive on Ocean Beach Highway.
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  • Profile picture of the author TrumpiaTim
    Note this is passive income so it should be supplementing your main source of income, so I'm not sure if I would describe it as being bored as much as making looking at it from the perspective of this being just one of the many additional streams of income that one may have.
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  • Profile picture of the author Mr Bill
    I've actually put a lot of effort into thinking about this. I even wrote a little ebook on the topic (money, wealth, freedom...etc). I had some good fortune a few years back and obtained full freedom with more cash than I ever imagined (passive income from a forum I was a part owner in) and suddenly found myself facing this exact question..."I've attained freedom - now what do I do?".

    The first thing I did was just sleep in wake up with a stretch and big yawn every day. After two decades of 7am starts I needed to sleep. Once I was up I'd bum around doing nothing new or spectacular treating every day like a Saturday. Watched a lot of TV and did pretty much anything I wanted to do. I'd jump up off the couch and jump in the car at peak hour just to feel what it's like not to have to be going to work.

    Then I built a touring car with a supercharged V8 and drove it around the country aimlessly just exploring all the country roads for a few months until I blew the engine up and headed home.

    All the while I was trying to think of new projects I could start, having really long conversations with other big thinkers, helping out when needed, even giving away cash was fun (big tips, paying full price...etc. It was just a little luxury that I thought I deserved.

    Having a few bucks and having no financial or time pressures makes thinking big even easier so I started buying courses on video making, kept visiting here all the time and actually still had an interest in "playing" with IM and MMO and I took a deep interest in photoshop and other fun things. I bought a lot of WSOs just out of interest like picking up a magazine in the waiting room. I had no intention of using any of them but I'd try a few just because I find working online deeply satisfying.

    So anyway, here's what I discovered (apart from "big money can come and go just as quickly as small money" ...lol). There are really only two things left to do once you've attained financial freedom (which I defined in a formula I created).

    1) Indulge your hobbies
    2) Follow your passions


    All "freedom" type decisions can be broken down into those two categories. Anyone who thinks that being free will ever be boring has never really been financially free. It's the BEST existence. The big problem a lot of us have is recognising when we've made it. It happens way earlier than most people think (in my experience and I've interviewed hundreds on this very subject). The infatuation with "millionairism" is going to do us in. The reality is that financial freedom is much closer than we think - we just need to get some perspective. One thing's for sure, you don't need millions to be rich or wealth or free. That was my biggest discovery.
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  • Profile picture of the author timpears
    Even if you could generate this type of lifestyle. Most of us re not so lazy we would not find things to do with the money. Most folks with money will invest it in things that make more money. many of these things will create work for them.

    When I first retired in 2003, at the age of 53, I was putting in a lot of time in my new venture of buying real estate. I checked my phone log one time, and I had spent more than 40 hours on the phone in that month, mostly talking to prospective home sellers. Going out to see properties and making offers.

    It all took time, and most folks with money are doing such things I think.
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  • Profile picture of the author celente
    lazy = no money.

    half hearted = ok money.

    Full bore head down bum up work ethic = What ever income you want.

    Most people struggle to get past 1.

    When all that they do not realise is that a little bit of work, like going to work monday - friday for just one week, you could build the most amazing product ever!!! That will attract many people, and much income.

    But are people willing to put the hard work in? NOPE?

    Its a tough world this internet marketing, but nothing was meant to be easy, LIFE in general is not ment to be eazy. But I have noticed the hard workers, and the passionate people always come through in the end.

    FRANK kern is a classic people think he just jerks off all day, surfs, drinks beer, goes to slumber parties with bikini models and throws midgets off the balconey to bring in midnight.

    The truth of the matter is these sorts of guys work their ass off to make it easier out the other end. There is no such thing as push button, and instant riches.....it all happens with hard work and determination.

    I am sure FRANK KERN is the same as everyone. Even before FRANK KERN was not frank kern (we know him now as)....he had to start from somewhere, haggling and making mistakes and and hitting small home runs before it all came together for him. He would have to burn candle at both ends and work his TITS off to get to where he is today!

    There is no EASY STREET in the world of IM, even though the sales letters out there say it is. And pave the yellow brick road and tell the prospect to click the red heals and be taken to a world of never never and beds full of money, and yahts and cars and bikini clad women rubbing their tits in your face while you try to count all your money!!! (Ummmm yeah, right I wish! LOL)

    FOCUS on the HARD WORK now will pay off LATER! its hard to get your head around but it does happen.

    I go back to the start of my post.

    if you are lazy = no money.

    if you are half hearted = then expect ok money.

    IF YOU GO Full bore head down bum up work ethic = What ever passive income you want will come!.


    Pretty simple really.
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  • Profile picture of the author sidiniquity
    If you've reached the point where you're making enough money from 1 hour of work a week, then you're not the kind who likes to sit around. You won't be sitting on a beach doing nothing all week because that's not you. You worked your ass off to get to this stage and that's what you'll keep doing.

    There's no end man. Life keeps going on. You'll have new ideas, new passions, and you'll want to keep exploring. You won't be bored. Why are you successful? Because you love what you're doing. To you it's not work. And you'll keep doing the things you love doing, you'd rather do that than laze away on a beach even though you know you can afford to.
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  • Profile picture of the author jlxseo
    Passive income reminds me of the saying "Find a job you love and you'll never have to work a day in your life."
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    • Profile picture of the author ronrule
      Originally Posted by jlxseo View Post

      Passive income reminds me of the saying "Find a job you love and you'll never have to work a day in your life."
      In a way, I feel sorry for the people who think that way.

      I mean, it's one thing if you can turn a hobby into a career ... it's why nature lovers become park rangers or animal lovers start charities. But there are no "hobbies" in IM ... you're promoting a product, plain and simple. Maybe it's yours, maybe it's someone else's, but you're doing it because you want the cash not because you "love it".

      My son turned 10 this week, and it got me thinking about how it didn't seem that long ago I was holding a little infant in my hands. And how for the first 6 years of his life I was working constantly... working during the day to build my company, and banging out Adsense sites at night to pay the bills until my business was profitable. I was "there" physically, I was in the house all day. I changed his diapers and fed him. We went to parks and took family road trips. But through all of it, my family never had 100% of my attention. At best it was 50%... I was always either working or thinking about the next project, the next deal, the next payday.

      It wasn't until 2011 that I finally separated work from personal time. When I leave the office, I'm done. No bringing work home. No responding to emails from my phone, no sitting on the couch with my laptop. Vacations are actual vacations, not just "working less from a different place" - I don't check emails or take calls. It was really hard to do this at first, but honestly it was the best move I ever made.

      For you guys who are seeking out this pseudo-passive lifestyle, it's not all it's cracked up to be. It's fun when you're young and single, and for a while you might actually convince yourself you're "living the dream". But when you get into your 30's and have a family, give serious consideration to doing the "9 to 5" - or whatever hours you want. Get an office. Work from the office and nowhere else.

      If you waste your money, you can always make more. But you can't make more time.
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      • Profile picture of the author jlxseo
        Originally Posted by ronrule View Post

        In a way, I feel sorry for the people who think that way.

        I mean, it's one thing if you can turn a hobby into a career ... it's why nature lovers become park rangers or animal lovers start charities. But there are no "hobbies" in IM ... you're promoting a product, plain and simple. Maybe it's yours, maybe it's someone else's, but you're doing it because you want the cash not because you "love it".

        My son turned 10 this week, and it got me thinking about how it didn't seem that long ago I was holding a little infant in my hands. And how for the first 6 years of his life I was working constantly... working during the day to build my company, and banging out Adsense sites at night to pay the bills until my business was profitable. I was "there" physically, I was in the house all day. I changed his diapers and fed him. We went to parks and took family road trips. But through all of it, my family never had 100% of my attention. At best it was 50%... I was always either working or thinking about the next project, the next deal, the next payday.

        It wasn't until 2011 that I finally separated work from personal time. When I leave the office, I'm done. No bringing work home. No responding to emails from my phone, no sitting on the couch with my laptop. Vacations are actual vacations, not just "working less from a different place" - I don't check emails or take calls. It was really hard to do this at first, but honestly it was the best move I ever made.

        For you guys who are seeking out this pseudo-passive lifestyle, it's not all it's cracked up to be. It's fun when you're young and single, and for a while you might actually convince yourself you're "living the dream". But when you get into your 30's and have a family, give serious consideration to doing the "9 to 5" - or whatever hours you want. Get an office. Work from the office and nowhere else.

        If you waste your money, you can always make more. But you can't make more time.
        Well said, but the principle applies whether you work 6, 20, 40, or 60 hours a week. I'm the type of person who, if I could make $1,500 for 60 hours a week or $500 for 20 hours, I'd be working 20 hours. I have few wants and have more important things to do than acquire the money that buys things - and I'm a young single guy who supposedly has all the time in the world.

        Anyone who wants money at the expense of family time has got his priorities out of whack.
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      • Profile picture of the author Big Blue Planet
        Originally Posted by ronrule View Post

        In a way, I feel sorry for the people who think that way.

        I mean, it's one thing if you can turn a hobby into a career ... it's why nature lovers become park rangers or animal lovers start charities. But there are no "hobbies" in IM ... you're promoting a product, plain and simple. Maybe it's yours, maybe it's someone else's, but you're doing it because you want the cash not because you "love it".

        My son turned 10 this week, and it got me thinking about how it didn't seem that long ago I was holding a little infant in my hands. And how for the first 6 years of his life I was working constantly... working during the day to build my company, and banging out Adsense sites at night to pay the bills until my business was profitable. I was "there" physically, I was in the house all day. I changed his diapers and fed him. We went to parks and took family road trips. But through all of it, my family never had 100% of my attention. At best it was 50%... I was always either working or thinking about the next project, the next deal, the next payday.

        It wasn't until 2011 that I finally separated work from personal time. When I leave the office, I'm done. No bringing work home. No responding to emails from my phone, no sitting on the couch with my laptop. Vacations are actual vacations, not just "working less from a different place" - I don't check emails or take calls. It was really hard to do this at first, but honestly it was the best move I ever made.

        For you guys who are seeking out this pseudo-passive lifestyle, it's not all it's cracked up to be. It's fun when you're young and single, and for a while you might actually convince yourself you're "living the dream". But when you get into your 30's and have a family, give serious consideration to doing the "9 to 5" - or whatever hours you want. Get an office. Work from the office and nowhere else.

        If you waste your money, you can always make more. But you can't make more time.

        Hello I am new here and my first post but I really like what this man wrote. I have several friends that have done internet marketing for many years and they all work it as a regular job. Always they say how they leave home to work at their office and then come home for family. They told me the same ethics I have at my current job should transfer to being an internet marketer. Time cannot be bought and as Ron says you can't make more time. So I will learn about this internet marketing and treat it the same as if I clock in to my current job.
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      • Profile picture of the author jasondinner
        I totally respect everything Ron says here and the success he's achieved, but for me personally, I would rather be home 100% of the time giving my wife and kids 50% of my attention than being at an office outside of my house xx miles away during "working hours" giving my wife and kids 0% of my attention.

        I've designed my business so far that I will never need an office, but it's all a matter of preference.

        Originally Posted by ronrule View Post

        In a way, I feel sorry for the people who think that way.

        I mean, it's one thing if you can turn a hobby into a career ... it's why nature lovers become park rangers or animal lovers start charities. But there are no "hobbies" in IM ... you're promoting a product, plain and simple. Maybe it's yours, maybe it's someone else's, but you're doing it because you want the cash not because you "love it".

        My son turned 10 this week, and it got me thinking about how it didn't seem that long ago I was holding a little infant in my hands. And how for the first 6 years of his life I was working constantly... working during the day to build my company, and banging out Adsense sites at night to pay the bills until my business was profitable. I was "there" physically, I was in the house all day. I changed his diapers and fed him. We went to parks and took family road trips. But through all of it, my family never had 100% of my attention. At best it was 50%... I was always either working or thinking about the next project, the next deal, the next payday.

        It wasn't until 2011 that I finally separated work from personal time. When I leave the office, I'm done. No bringing work home. No responding to emails from my phone, no sitting on the couch with my laptop. Vacations are actual vacations, not just "working less from a different place" - I don't check emails or take calls. It was really hard to do this at first, but honestly it was the best move I ever made.

        For you guys who are seeking out this pseudo-passive lifestyle, it's not all it's cracked up to be. It's fun when you're young and single, and for a while you might actually convince yourself you're "living the dream". But when you get into your 30's and have a family, give serious consideration to doing the "9 to 5" - or whatever hours you want. Get an office. Work from the office and nowhere else.

        If you waste your money, you can always make more. But you can't make more time.
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  • Profile picture of the author Malteaser
    Use that money to scale and join an MLM company. That way you can help people to start online, add value to their lives, teach them how to make money online and watch them quit their jobs! You can build great relationships with like minded people this way and you will have people looking up to you.

    If you do this and start helping people out, I can guarantee you would be very proud of yourself!
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  • Profile picture of the author jbsmith
    As others have mentioned, doesn't exactly work that way.

    First, those of us who have done very well in business are "wired" to always be looking for the next opportunity, the next challenge to improve or evolve...that means we couldn't stop even if we HAD to :-)

    Second, there are always additional goals in life (at least in my case) that require additional money...what changes is what you do with it. In the beginning, I was just trying to get out of debt. Then, I wanted more stuff, a bigger house, a nicer car, etc.. Now, it's more about funding others, charity, using money in the best possible way to make a difference. That's what motivates me now. So it never really stops.

    What DOES happen is that you become even more empowered to do your own thing. In the past, you may have had to work for someone else, do things you really didn't want to do, put up with a business or customer base you really found you weren't aligned to handle, etc...

    When you reach a certain financial level you can call more of your own shots...while this is an even greater responsibility, it is also a nice place to be where you can really tap into your creativity and inner desire.

    Make sense?

    Jeff
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  • Profile picture of the author David Mcalorum
    There are certainly things that you can do to make passive income streams.

    Many of them have been discussed here.

    The MAIN thing is providing the marketplace with what it wants.
    If you can do that, in the form of a information product or software
    or whatever it may be, then you'll be in the money.

    I think "passive" is a little misleading, but to me it represents not
    having to put in as many hours as a traditional job. Nothing wrong with
    that. Also, nothing wrong with wanting to work more and provide
    more value to the market place.

    Its all a matter of personal opinion.

    But it stands to say that if you work persistently on your goals
    and create a portfolio of offers so to speak, then you can be very
    successful and not have to work *too* hard at maintaining those
    income streams.
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  • Profile picture of the author darbok
    For me its not about not wanting to work hard or try or being bored... its about structure... I don't work well in a completely structure less environment. It takes a lot of extra effort for me to focus on one piece at a time in a project. I though am in a position where working outside the house is difficult so I have to find the willpower to make this work.
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  • Profile picture of the author RowenaFanning
    I don't feel bored because I keep busy. If the success had in the past is good enought to provide a comfortable lifestyle for you without much effort, it's all good, but you have to keep going. It can get boring if you retire in your 30s, but everything can change at any moment and it is better to have backup to your backup.
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    • Profile picture of the author Mr Bill
      Originally Posted by RowenaFanning View Post

      It can get boring if you retire in your 30s,.
      I have a feeling the only people who think that's true are people who haven't done it. I can't imagine anything more exciting than to have every day off during my 30s. I've had over 3,300 days off in a row as of today and there's no sign of boredom on the horizon. My mind's racing with new ideas and things to do.

      BTW; When I say "retired" I don't mean vegetative. I mean "don't have to go to a job for money". Just having the freedom to not "have" to do things daily is a major release for most people as evidenced by the joy of weekends. Being retired is nothing more than one big never ending long weekend.
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  • Profile picture of the author Tom Addams
    I tried sitting on a beach all day. It wasn't for me.

    There's a good movie called Other People's Money. And in this good movie is a good line, delivered by Danny DeVito's Character, Larry: Make as much as you can. For as long as you can. Whoever has the most when he dies, WINS.

    When you start out in this kind of business, you usually just want to make enough to leave your day job, put food on the table. As you progress, you want to put your kid's in private school, take vacations, buy toys, and invest in bigger and better ventures. And then there comes a point where more money equates to less of an impact in your personal life. It begins to mount up, this almost superfluous money. And at that stage, you might be heard uttering the line: Make as much as you can. For as long as you can. Whoever has the most when he dies, WINS.
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  • Profile picture of the author Syssolution
    Hey, i also think of something similar lifestyle. Hummm...but the reality is something different actually.
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  • Profile picture of the author JohnnyPlan
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    There's no reason to do all the work for yourself. There must be some time saving methods to promotion that don't require you to babysit your site 24 hours a day. Assuming you could find this type of residual income, there might be a way to automate the promotion process, such as hiring someone else to promote the site or product or placing Facebook ads to drive traffic to a landing page.
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  • Profile picture of the author svetod
    My dad used to say that smart people never get bored, as there are so many interesting things you can do, like playing an instrument, learning a language, a skill etc.

    My target N.1 when I started with IM was to be able to travel the world and windsurf wherever I want, as long as I want. For the last couple of years, I've been able to do this and you ask if I am bored? Hell no!

    So follow your passion!

    And as for passive income, to make sure is doesn't decrease over time you should constantly grow your business, work on new projects and ideas.

    Cheers

    Svetlin
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  • Profile picture of the author discrat
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    Residual Income is fantastic. Of course you have to put in much work to get that Residual Income.

    I guess I consider myself an over night sensation. Maybe the 5 year Over Night situation that is

    But seriously when you do start making so called residual income you still have to maintain things which will continue to be work. There is no way around that

    The more money you make the more headache you have in managing, investing , and spending it


    - Robert Andrew
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  • Originally Posted by Zodiax View Post

    making money while baking yourself silly on a beach...
    That is a myth. Every successful entrepreneur I know works his butt off in order to A) Become successful and B) Continue being successful. Every - single - one - of - them.

    Don't believe the "4 hour a week" hype.
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  • Profile picture of the author ianeire
    Lomg term passive income, unless you have some magic formula, is a myth.

    Those guys all work their asses off, all the time.

    Look at Mr Passive Income, Pat Flynn. He is always working at something new, networking and promoting his ass off.

    Work hard, play hard, tell people how easy it all is, sell product based on all your hard work, repeat.

    Not that easy!!
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  • Profile picture of the author jasondinner
    I never get bored of taking my kids to school, going to the gym, and just hanging out with my wife all day.

    I do get some work in and am in front of the computer a few hours a day, but most of it is just to check stats on systems I have in place.

    Not fully passive, but much better than what I was doing about 16 months ago.

    Night and day.
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  • Profile picture of the author Big Blue Planet
    Well done JasonDinner! Do you have a specific place in your home for work? Curious how you set that up. Do you focus on anything particular in internet marketing?
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    • Profile picture of the author jasondinner
      Originally Posted by Big Blue Planet View Post

      Well done JasonDinner! Do you have a specific place in your home for work? Curious how you set that up. Do you focus on anything particular in internet marketing?
      Although I have a fully finished basement with an office built into it, the specific place I do most of my work is on the dining room table lol.

      No set up. Just me and my laptop.

      Sometimes I hang out on the couch when I'm heating my healing knee, but this has been my office of choice for quite some time. Was the table in the kitchen for a while before that.

      When it comes to internet marketing, I particularly focus on generating revenue for my 2 companies.
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  • Profile picture of the author Mr Bill
    Passive income is the bomb. For those who don't think it exists - sorry to say but - you're wrong. It absolutely exists -
    • Interest from savings in the bank is 100% passive,
    • sales from books is 100% passive,
    • subscriptions from membership sites with downloadable content is largely passive.
    I've had all of these and the best way to get money is passively. Rest assured - it exists and compared to most other normal forms of earning money (e.g. a job or small offline business) it's a abso-freaking-lutely possible.

    As for what to do with your time; you're kidding...right? You'd have to be. What do you do in the evenings, on weekends and during holidays/vacations? You indulge your hobbies and explore your passions. With a largely (or fully) passive income the world is your oyster! Learn an instrument, join a band, ride motorcycles, potter around the house, your city, your state, your country or (with enough passive income) the globe. Spend time with people you like, love or want to get to know. Help out people less fortunate. Explore new hobbies or become a collector.

    In my experience two of the highest desires in life (and I've interviewed hundreds of people on this very topic so I'm speaking from direct experience) are...

    1) Freedom
    2) Hang out with cool people


    Once you have freedom life really takes on a new perspective. You might spend some time on the beach and if you're an internet addict (like me) you'll have your smart phone with you just to see what's out there. As for internet marketing being nothing but a business designed just to make more money and that's it - I have to strongly disagree. I do it not only to make money, I do it to promote my product but that often leads to desire number 2 - hanging out with cool people. Even if I was earning thousands and thousands of dollars a week from savings on interest (100% pure passive) I'd still be out there selling my book in the hope of meeting even more cool people to add to my life.

    Hobbies and passions are the two things left after (and once) you've managed to achieve enough passive income to not have to worry about money if not ever again then at least for a long time. Trust me, you'll NEVER be bored to the point of distraction. But let's say you have momentary boredom and you're kicking back on the couch wondering what to do; with passive income you'll soon be jumping off the couch in excitement at something new you just thought of to do or explore.

    It's not only possible and desirable, it's the best way to live.
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    • Originally Posted by Mr Bill View Post

      Passive income is the bomb. For those who don't think it exists - sorry to say but - you're wrong. It absolutely exists -
      • Interest from savings in the bank is 100% passive,
      • sales from books is 100% passive,
      • subscriptions from membership sites with downloadable content is largely passive.
      I've had all of these and the best way to get money is passively.
      All your assumptions are wrong.

      Savings? and how do you gather those savings without working hard? And how do you avoid getting them eaten up by inflation passively?

      Sales from books? and how do you get those sales without promoting your book? or do sales happen magically too?

      Subscriptions from membership sites?! LOL! I have been there, and it's A LOT or work! How do you grow your subscriber base without actively promoting the site? how do you keep your content fresh without creating it or recruiting content creators?

      There is NO such as thing as passive income. Becoming wealthy, and staying wealthy, takes a lot of effort. I repeat what I said before: every millionaire I know has worked, and does so daily, his butt off.
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    • Profile picture of the author ronrule
      Originally Posted by Mr Bill View Post

      Passive income is the bomb. For those who don't think it exists - sorry to say but - you're wrong. It absolutely exists -
      • Interest from savings in the bank is 100% passive,
      • sales from books is 100% passive,
      • subscriptions from membership sites with downloadable content is largely passive.
      I've had all of these and the best way to get money is passively. Rest assured - it exists and compared to most other normal forms of earning money (e.g. a job or small offline business) it's a abso-freaking-lutely possible.
      I don't think anyone is arguing that these income models exist (or that they're defined as "passive income"), but they also don't fall into what most define as "internet marketing" either so they weren't really the topic of the conversation.

      I would argue the third one though; if people are paying subscriptions to access downloadable content, at some point they'll have downloaded everything they need and won't have any need to continue the subscription. That would require either refresh content, or ongoing marketing, which takes it out of the "passive" category.

      In the couple of years I've been on this forum (and the 17 years being in the eCommerce and Internet Marketing scene prior to joining) I've come across a couple of distinct mindsets when it comes to how people see passive income. Some people are able to reach a point where they do very little, because they've built a powerful brand that attracts sales somewhat automatically or a subscription model with automatic or user-generated growing content (a forum, for example). But that is rarely achieved without years of work to build up to it. The other side of the coin are the people who think they can START with a passive income... that they can just jump in from scratch, commit a fraction of their time, and kick back and enjoy the profits. Those are the ones I'm talking to when I say "It doesn't work that way".
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      • Profile picture of the author web_dev
        This thread has brought up some rally good points. My own experience has showed me that internet marketing is volatile and boring. It is however, better than any day job in terms of money and freedom (which is what people desire) but not piece of mind.

        In my recent experience, I have gone from making $7000 a day to $500. This shows the volatility. However, the money you make from one campaign/project in short time which may last 1 month, 2 months, 5 months or year is often times 2, 3 even 10x you will ever make in your day job for that time period. So the financial gains are huge. This also gives you freedom visit the mall at 11:00 am on Tuesday morning when most people are in their cubical working. This is the freedom everyone wants.

        Most people with day jobs forget about their work minute they step out their office. But marketers are always worried how long their new gig will last and it always at the back their mind.
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  • Profile picture of the author molsted
    I think it was internet marketer and solo-seller Paul DeSousa who said something along the lines of ...

    "Internet Marketers - The Only People Who Work 20 Hours a Day so they can make money while they sleep"

    The quote isn't accurate, but it has a good and valid point.

    Just like any other business, it is "hard work."

    However, you can work at your own terms, and if you have arranged your business correctly, you can work from almost anywhere with an internet connection and you can get up early, do some work for an hour or four and then have the rest of the day and evening off.

    What to do with your time?!

    I know I have no problem filling my sparetime... Get a hobby!
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  • Profile picture of the author Lightlysalted
    The fact is that there is no such thing as a truly passive income. There is always hard work. The more work you put in the more you get out.
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    • Profile picture of the author Mr Bill
      Originally Posted by molsted View Post

      I think it was internet marketer and solo-seller Paul DeSousa who said something along the lines of ...

      "Internet Marketers - The Only People Who Work 20 Hours a Day so they can make money while they sleep"

      The quote isn't accurate, but it has a good and valid point.

      Just like any other business, it is "hard work."

      However, you can work at your own terms, and if you have arranged your business correctly, you can work from almost anywhere with an internet connection and you can get up early, do some work for an hour or four and then have the rest of the day and evening off.

      What to do with your time?!

      I know I have no problem filling my sparetime... Get a hobby!
      It's not hard work at all. If anything it's "soft activity". Hard work is working as a welder in sweltering desert heat covered from head to toe in leather protective clothing. Hard work is working on a mindless factory floor. Hard work is a lot of things but sitting at a computer working on your freedom is not hard work.

      Originally Posted by Paid Surveys View Post

      The fact is that there is no such thing as a truly passive income. There is always hard work. The more work you put in the more you get out.
      Not correct. There are many examples of truly passive income as I stated above.
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  • Profile picture of the author Malteaser
    Honestly, if that's what I got into this business for I wouldn't have started it lol - I am doing this because I can tap into my potential - a job would never allow me to do that ... sure I want to go on dream vacations etc but that's not the main goal for doing online business for most and for myself.

    Top producers still keep going at their business and they keep scaling even when they make millions, they do it because they want to see how far they can go in terms of their own potential and they want to change lives!
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  • Profile picture of the author RealEcon
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    Lol, this thread is so funny
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  • Profile picture of the author carlo_sim
    Want to have passive income?

    Train people to become like you, make a good team,
    don't be greedy, help people and learn financing
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    • Profile picture of the author jbsmith
      So true Carlo - the only way any business can scale and you can step back (to a degree) is to properly create systems is to find the right people (motivated by similar goals as you are), develop systems for what you do (so it can be replicated), coach people until they get them to where you want them to be - then make sure you do everything you can to hang on to them.

      That said, to me passive income has very much to do with building "leverage" into all aspects of your business - from the products you sell (I like to sell information where you create once and sell many times in the future), to the sales channels you build (jv partners, affiliates who will continue to sell for you night and day) through to being smart about how you grow your sales funnel and scale the operational/support side of your business.

      Leverage gives you breathing room, helps you scale amazingly and free's you up to build your business even bigger.

      The true passive income arrives when you decide to "cash out" and sell your business - not enough IM'ers think in terms of building a real-enough business that they can sell it for 5-10 times sales - now that is true passive income.

      Jeff

      Originally Posted by carlo_sim View Post

      Want to have passive income?

      Train people to become like you, make a good team,
      don't be greedy, help people and learn financing
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  • Profile picture of the author Trey Morgan
    Why would you be bored from making a passive income? If you're making a passive income then you can go out and do whatever you want. Therefore, you should never be bored.
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  • Profile picture of the author borsaronero
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    I think that the internet marketing can be everything but boring. I am still learning and changing things every day, and worth every minute.
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    • Profile picture of the author Steve B
      Curious how this thread has lasted on page 1 for so long . . .

      It seems we have many dreamers amongst us.

      You'll never get to know what the passive and residual income lifestyle is unless you put your dreams in their place and focus intently on creating your business and producing the income you want.

      Now go get to work.

      Steve
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      • Profile picture of the author Mr Bill
        Originally Posted by Steve B View Post

        Curious how this thread has lasted on page 1 for so long . . .

        It seems we have many dreamers amongst us.

        You'll never get to know what the passive and residual income lifestyle is unless you put your dreams in their place and focus intently on creating your business and producing the income you want.

        Now go get to work.

        Steve
        Nothing wrong with a bit of dreaming and thinking of the future Steve. I'm sure there's plenty of time in everyone's day to entertain these ideas. That's how directions are taken and ideas are formed. Just because we're discussing them for a few moments a day doesn't mean that we're not working on them for the rest of the day. Let people dream and discuss without chastising. There's no harm. Let it be.

        Originally Posted by Anonymous Affiliate View Post

        All your assumptions are wrong.

        Savings? and how do you gather those savings without working hard? And how do you avoid getting them eaten up by inflation passively?

        Sales from books? and how do you get those sales without promoting your book? or do sales happen magically too?

        Subscriptions from membership sites?! LOL! I have been there, and it's A LOT or work! How do you grow your subscriber base without actively promoting the site? how do you keep your content fresh without creating it or recruiting content creators?

        There is NO such as thing as passive income. Becoming wealthy, and staying wealthy, takes a lot of effort. I repeat what I said before: every millionaire I know has worked, and does so daily, his butt off.
        My assumptions aren't wrong. Did I say these things happened magically? Did I say they were given to us at birth? No. Of COURSE there's some work involved in setting these things up - no sane person would suggest otherwise (and I certainly didn't so I don't know what you're going on about dude - take a chill pill). I was addressing the ludicrous and stupidly incorrect statements like your response here that there's no such thing as passive income when there obviously are many forms of passive income.

        For you (and others) to say there aren't is wrong - clearly wrong, absolutely wrong and laughing out loud, head shakingly wrong. Your assumptions are wrong and frankly a silly attempt at being pedantic and argumentative. I have also known many millionaires and many set up there businesses so they have to keep working. Just because someone is a "millionaire" doesn't make them free to enjoy passive income and doesn't make the way they do business necessarily the best, right or most passive way to make money. That has nothing to do with the fact that there are clearly many forms of passive income.

        I've had passive income from all these sources and yes (LOL) once a membership is set up money comes in passively. Maybe the way you've set them up required more work and that's your prerogative but it's not necessarily the only way to set them up. They can absolutely be setup to deliver quality product with little or no further work on your part.
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  • Profile picture of the author KelvinN
    Originally Posted by Zodiax View Post

    For those of you who have achieved a comfortable lifestyle of residual affiliate income, do you feel bored?

    I mean does it get boring seeing daily deposits of money in your PayPal, or receiving endless streams of checks even when you only work for an hour a day?

    I was thinking making money and living on the beach would be tiring after a while.
    Don't check your PayPal so much. Use your money to invest in larger internet businesses and offline businesses. Create a change in the world. Find a way to spend your money so everybody benefits. Don't live on the beach, live in the forest right next to a waterfall. Learn advanced meditation techniques and examine indigenous peoples cultures. Learn new ways of living, new ways of having fun. Go snorkling, travel the world, go hiking and biking, meet new people, invest into insect farms: Tiny Farms - the edible bug company - Home
    Use your imagination...

    You earned your money. You're only not used to living a lifestyle when not on a 9-5 job. Everybody works a 9-5 job and you work 1 hour a day because they are slaves, and you are not, because you decided to create your own business and make your own money.
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