Quote:
Originally Posted by selfimprovementjunkie  It is very possible to provide service and achieve passive income. For me the idea of waking up at 6 or 7 and working for three or fours hours on my website, blog, or simply managing my investments and then having the rest of the day to do whatever I want would be the ultimate. |
In point of fact, providing service is the
only way to achieve passive income. If what you provide is valuable, people will come back to you again and again and again and pay you for it. If what you provide is junk, you'll have to keep working to expand into ever-shrinking markets, trying to find a sucker who hasn't heard of you yet.
Imagine being awakened by the sun (no ear-splitting alarm clock for you). Your leisurely breakfast is interrupted by a call from a real estate agent asking if you want to sell one of the buildings you bought the previous year for a profit of $150,000. As you gaze out over the ocean, sipping your freshly squeezed orange juice, you weight the relative merits of selling and decide, in this instance, to keep the building. Your breakfast was interrupted and you still have more decisions to make today, such as whether to go snorkeling or surfing, and where to have dinner tonight. But with this one business decision, your working day is over. -
Making Money In Real Estate
My goal is to enjoy my 40-minute workweek so much that sometimes I work a minute or two of overtime - just for fun!