Thread: Passive Income
View Single Post
Old 03-08-2008, 03:39 AM   #12 (permalink)
Jonathan Mead
Senior Member
 
Join Date: Feb 2008
Location: Pasadena, CA
Posts: 245
Jonathan Mead is on a distinguished road
Default

You can always outsource all your work. Create a business and hire managers and assistants to do all the work for you. Set up systems to handle all possible events that could occur with instructions or trust that they will handle issues appropriately. Set a limit for the occurance of your intervention, start at $100 and move your way up as you build trust. There's ultimately the cost you're willing to pay for your intervention, your time. I don't think there's a complete removal of yourself from the system, but rather a spectrum of how much involvement you have in trading your time for money. You either trade all of it, a minute fraction, or somewhere in between.
__________________
Illuminated Mind - The less boring side of personal development.
Subscribe: http://feeds.feedburner.com/IlluminatedMind
Twitter: http://twitter.com/jonathanmead
Jonathan Mead is offline   Reply With Quote