Broke for 4 times and earned 60k passive income after 11 years

18 replies
Like anyone who just started Internet marketing, I went broke buying WSOs, tools and whenever shiny objects and I went broke for a total 4 times and making 60k now. Done several unsuccessful joint ventures as well.

Here is what I learnt from my journey

1. Invest on yourself. Learn as much as possible. Don't invest on your house, stocks, new gadgets etc. I went broke for 4 times. What pushed me to become successful is my skills and experience gained throughout the years.

2. Once you learn the stuffs, apply it. Track the results, if you done it wrongly, review it and think of ways to change the course of action. Review and change the way you work!

3. Pay back to the society. Help others! There are a lot of people needs your advice and help!

You can be in debt but as long as you got the skills, knowledge you can make back unlimited amount of money! But if you don't have the skills, knowledge and experience you won't make any money or even any money back!

Invest on yourself!
#60k #broke #earned #income #passive #times #years
  • Profile picture of the author dawoodkhan97
    Exactly! People should invest in themselves and above all
    get a mentor who can guide you in the right direction!
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  • Profile picture of the author thedark
    Originally Posted by SmartTim View Post


    3. Pay back to the society. Help others! There are a lot of people needs your advice and help!


    Invest on yourself!
    I really like this one. I will also add give away free stuff and you will get more in return.
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  • Profile picture of the author PassiveIncomes
    Thanks for the tip, 60k is really impressive. I earned 2k/month now using my adsense sites and Nuffnang ads. Not quite successful. Will learn more in the future including on Udemy.com. I found out the courses there are very useful and the IM courses there really make me some money.
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    • Profile picture of the author marcoreeves
      Good post Tim, 60k is really impressive good work.

      I agree people should be investing money into their education, not on the latest shiny obect or on stocks. Give yourself the skills through self education and, of course, implement implement implement.

      Consistent implementation can be the hard part but. Admitedly I still struggle with this lol.
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      Just an all-round swell dude who teaches fellow home business owners and internet
      marketers how to really make a 6-figure monthly income online.


      Not getting the results YOU want? Let's Skype - schedule a free strategy session right here.
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  • Profile picture of the author Alex The Lion
    Great post, the secret behind this post is one of the most powerful lessons:

    Internet business is complex and there are many paths, yet in the beginning, there is only one. Learn and take action on building your business.
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  • Profile picture of the author david2015
    Truly agreed with what you have written. It is very encouraging post. Indeed the best investment we can have in life is to invest in ourselves a new knowledge and skills.
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    Mobile App For Income Click here to earn through mobile app industry
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  • Profile picture of the author Yosheena
    I agree with you, Tim. I've been successful online for 5 years until the Google Panda & Penguin update. Invested in an offline business but failed. I came back to the IM world again and was broke for 6 months until I got some work. I'm still struggling but with my experience, I'm able to manage now
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  • Profile picture of the author Lex Koelewijn
    Couldn't Agree More! Skills & Knowledge are the 2 most Important Qualities in this business if you ask me, not some scheme for getting rich quickly. Take the time to learn and invest in yourself, that's a very important lesson, keep it up!
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    • Profile picture of the author PassiveIncomes
      Originally Posted by Lex Koelewijn View Post

      Couldn't Agree More! Skills & Knowledge are the 2 most Important Qualities in this business if you ask me, not some scheme for getting rich quickly. Take the time to learn and invest in yourself, that's a very important lesson, keep it up!
      That's right. For example, if John Chow become broke, but after 1 year, he will be back again with the skills he has.
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      • Profile picture of the author joseopaclibare
        Thanks Tim.

        That's quite inspiring.

        I left my secure and comfortable job of 22 years in the national government almost 10 years ago. I'm now broke for the second time

        My friends in the government are beckoning me back...but I am still hoping and praying that I survive the next few weeks/months without having to go back to government...I enjoy every minute of my life since I left the government.

        Jose
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        • Profile picture of the author PassiveIncomes
          Originally Posted by joseopaclibare View Post

          Thanks Tim.

          That's quite inspiring.

          I left my secure and comfortable job of 22 years in the national government almost 10 years ago. I'm now broke for the second time

          My friends in the government are beckoning me back...but I am still hoping and praying that I survive the next few weeks/months without having to go back to government...I enjoy every minute of my life since I left the government.

          Jose
          Make use of your skills to build something that gives value to other people. Create courses to teach, create things for other people!
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  • Profile picture of the author anwar001
    Some people find success sooner than others. Even if it takes a little longer, it is worth it when it comes. Congrats on your achievement.
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    • Profile picture of the author takticz101
      I need a mentor because im very lost in this business.
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  • Profile picture of the author agoel
    Very true!
    One thing that one of my mentors told me is to save atleast 10% of your earnings to invest on yourself. It will go a long way to increase your future earnings
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    • Profile picture of the author PassiveIncomes
      Originally Posted by agoel View Post

      Very true!
      One thing that one of my mentors told me is to save atleast 10% of your earnings to invest on yourself. It will go a long way to increase your future earnings
      Yes, 10% of your savings should go to investing on education like Udemy. BUT, one of the fastest way is to get a mentor. A mentor can teach you what you need to know fast.
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  • Profile picture of the author Elliotcub
    Wow, great content and advice,

    Check out my site Home
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