The Total Money Makeover – Great book on getting your debt under control. When the average American has nearly $10,000 in credit card debt, his message is extremely relevant. While I don’t agree with everything he says, it did make me way more conscious about the power of not having any debt. After reading this, I ended up buying my next car in all cash. Read my full review here.
That opportunity was always there, but I didn’t realize it until after four or five people said, “Pat, your stuff is so good, I would pay you for it.” That’s when I finally took action. I began reading as much as I could about doing business online and listening to podcasts and reaching out to people doing it already. I connected with them and created an ebook study guide, a digital book that could help my visitors pass the LEED exam.

Making legitimate passive income isn’t as difficult as you might think. Some of the best passive income ideas might take a little time to set up but can start cash flowing within a couple of months and will provide a consistent monthly income for years or more. The most important point is just to get started. You make exactly $0 on the passive income sources you never start.
​Network marketing, or multi-level marketing, seems to be on the rise. Companies such as Young Living Oils, Avon, Pampered Chef, and AdvoCare are all multi-level marketing companies. You can earn passive income through network marketing by building a team underneath you (often referred to as a down line.) Once you have a large team you can earn commissions off of their sales without having to do much.
Frequent updates -- Sometimes you just won't feel like blogging, and that's okay. Don't stress yourself out feeling like you have to stick to rigid posting schedules or that you have to post every day. Are frequent updates nice? Sure they are. But they're not always required. I mentioned my two highest-earning blogs (small business and PR) before. Both of them can go for months at a time without an update. In fact, I took an announced 6 month hiatus from NakedPR.com previously. During that break traffic nearly doubled, and income followed suit. Even here, where I try to post more frequently (even twice a day a lot of days), I see subscribers and traffic increase when I go a few days without posting. It's become pretty predictable. So go ahead. Feel free to take a break every now and then. It gives your readers a chance to catch up or dig into your archives (where some of your best content might be hidden away). Don't decide on a solid schedule up front. Play with it and see what works best for your niche and your readers.
One specific moment came when I was approached by the United States Green Building Council, the company that administers the exam that I was writing the guide for. I got a cease and desist letter saying, “Stop what you’re doing!” and I freaked out. I was like, This business thing — I can’t do it. I’m in way over my head. And then I went to a lawyer, and they were like, you just can’t use their trademark in your domain name. Everything else you’re doing is fine. But there was a good week or two where I didn’t know what was going on and I was truly ready to give it all up.
If you’re signed up for an Amazon affiliate account, you can easily add links to products in your posts, pages, and sidebar widgets using the Amazon Link plugin. You can manually insert product links or you can use an Amazon search widget to dynamically create links for you. Each link that’s created will include your Amazon affiliate ID, insuring you receive the appropriate commissions.
Typically, the above formula will be applied such that the company is assumed to achieve maturity, or "constant growth". (Note that the value will remain identical: the adjustment is a "telescoping" device). Here, analysts commonly employ the Perpetuity Growth Model to calculate the corresponding terminal value[3] (although various, more formal approaches are also applied[4]). Then, assuming long-run, "constant", growth {\displaystyle g} from year {\displaystyle m} , the terminal value is
One of the most popular affiliate programs is Amazon affiliates. It is very easy to sign up and you can start using it on your site right away. I set up my Amazon affiliate account around the same time I launched my blog. I didn’t make money the first year, but as my posts starting gaining views and better spots on google results, my affiliate income started increasing.

In addition to the noted jobs, there are many others that include monthly residuals. Use this rule of thumb: Industries that offer products or services that involve "pay as you go" contracts or agreements often pay monthly residuals to sales employees. For example, alarm companies selling ongoing home or business monitoring for a monthly fee may offer residual income to those who sell this service. In some cases, jobs that involve referring prospects for services that continue month-to-month also pay residuals. Always verify that, regardless of the industry, a job you're considering does or does not pay monthly residuals. Never assume.


Sally is a mom on a mission. She is passionate about answering the question, “Can modern moms have it all?” In a previous life, Sally worked for nineteen years as a project manager and business analyst in London and Silicon Valley. She has a Bachelor’s Degree in Computer Science and a Master’s Degree in Business Administration. Since leaving her nine-to-five, Sally has published five bestselling books on Amazon (and counting). You can connect with Sally at sallyannmiller.com.

Peerstreet – This residual income option is slightly different, helping you earn money using real estate backed loans instead of the property itself. By helping fund the loan, you’ll earn a percentage of the interest rate charged to the borrower. Most loans are short-term, generally lasting between 6 and 24 months. You can build your own portfolio by choosing the exact loans you’d like to fund, or Peerstreet will choose the loans for you. Again, you need to be an accredited investor, although the minimum investment here is just $1,000.
When you are working you have a fixed amount of time that you can possibly work. You can only work so many hours in a day, so many days a week and for only so many years. It is during that time that people have to pay for their most expensive things in life; homes, children and then save for retirement. Add in a debt load that cannot be paid down with the current income being generated and no additional time to work, it becomes a cycle that has no end.
They've delegated, automated, streamlined, systematized, etc. Not with the intention of sitting on some beach somewhere for the rest of their lives and watching the checks roll in, but with the intention of freeing up their time to create even more value that they're inspired to create, either by leading that business to the next level of greatness and service to greater audiences, or by starting a new business.
Not exactly, even though that’s what passive income pushers would have you believe. No, once your site goes live, you need to perform various marketing tasks like promoting your posts and interacting with people on social media, commenting on other blogs, and seeking out new promotional opportunities. Oh and any good blog out there isn’t just preloaded with content and left to stagnate. No, you actually have to write new posts, too. And even if you hire someone to write the post for you, it’s you who has to edit them, schedule them, and oversea the whole operation. All of these things are not passive at all.
Ebooks are one of my favorite sources of passive income. Now, you can do this the simple way and just publish it on Amazon's KDP. Or, you can go all out and build yourself a book funnel. Book funnels are powerful, but they won't be fully passive. For example, if you do a free-plus-shipping offer for your ebook (converting it into a physical book), you'll need to create some one-time offers (i.e. extra training) and up-sells (i.e. an audiobook). But, a book funnel can be very powerful.
Managing your own blog isn't as difficult as some people initially think. There's this misconception that you can't earn much money with your own blog, so you'd be better off going with content mills instead. Wrong! It's not difficult at all if you're willing to work for it. The only real excuse for choosing content mills over writing for yourself is that you don't want to be bothered with the work -- you just want to write. And frankly, that's lazy (and you know how I feel about lazy freelancers). If you're a hobby writer and you just want to write to get paid a few bucks, fine. Good for you. But don't call yourself a true freelance writer if you're not willing to work on the business end of your freelance career.
An "own occupation" policy generally defines total disability as the inability of the policy holder to perform the substantial and material duties of his or her particular occupation. You need not be totally helpless and can even work in another occupation and receive disability benefits. Because the own occupation policy is broader in its coverage, it can be more expensive and may be unavailable for individuals working in riskier occupations or for those who have medical histories.
The clarified order then divided Brad’s commissions into three separate categories. The first category represented the specific members and brokers that made up Brad and Karen’s downline as of their date of divorce. The second represented those new members and brokers that Brad had earned on his own after the date of divorce. The third consisted of new members and brokers that were earned by the brokers within the first category after the date of divorce.
You can start a blog with a free theme technically…you do this through WordPress after you install it with one click on Bluehost. This is an important distinction…..the free themes aren’t available through Bluehost, but rather WordPress itself. So you will sign up for webhosting with Bluehost, install WordPress, then search within WordPress for free themes.
Thank you! This is really helpful. I have Amazon Affiliates, but I want to get more intentional with how I use it. The only negative thing I have about the program is that since I live outside of US the only way I can get paid is by amazon gift card, or expensive checks mailed to me. I mean, I can use the money I earn now on Amazon on things I actually need, but I don’t know if it’s worth putting a lot of effort into earning more when I can only use the money on Amazon 😛
Real estate is the obvious choice if you are going to make money on your money. I personally am not at the point where I can do any of this in a meaningful way BUT my parents are and they now own a couple homes outright and are collecting income from them to power their retirement income. It makes a lot more sense for anyone that has a chunk of cash sitting in the bank and are planning on slowly drawing from it because you technically still have all that money in a property (or multiple properties) and can sell them if you really need the lump sum of cash but you’ll earn great interest payments until you do that.
Link-building campaigns -- My SEO-centric pals might want to hit me for this, but frankly I've found that most traditional link-building is a royal waste of time. Don't submit your site to every free directory you can find. Don't waste time submitting news releases to all of the free press release distribution sites you can. Don't post short, garbage comments on other people's blogs just to get the link back. Don't engage in link exchanges. Don't get me wrong. There are ways you can increase links early on that I do recommend, but I suggest them far more for the exposure value. Those things would include linking to other blogs from your posts (the bloggers often know who's linking to them, and they might come to check out your post -- it's a good way to start networking with others in your niche). You could also comment on other blogs and include your link, but only do this if you have something substantive to add. Otherwise you just look like a schmuck. The absolute best way to build links to your blog however is to simply create great content that people deem worth linking to. Remember, it's not just about linkback quantity. It's about getting quality, relevant links back from sites who cater to your audience (who not only provide link juice, but direct traffic).

eCourses – If I have a step-by-step process to share, I’m likely going to offer it as an eCourse. That’s something I’m working on right now. As it’s more intensive and structured than an eBook typically is I am able to put a larger price tag on this project. My funnel is getting a little smaller at this level, but there’s a high probability that many of those that purchased the eBooks are going to be interested in the eCourse.
Thanks for the great post. I have been working really hard at understanding Blogging in nature and I really hope to monetize as I go. I am also really excited about my wife starting out. Which reminds me. I could really use someone that can design WordPress Templates for her blog. Anyways… we are seriously going to have a close look at Blog Master Mind. Thanks again!
This might be a weird one, but signing up for Uber (if it is available in your country) can be an amazing way to generate income by doing what you already do on a daily basis. If you drive a car and you have one you use every day, then picking up people that are along your way that give you cash for dropping them off somewhere nearby is, well, unheard of.

However, you should pick a niche and blog about that. If you're launching a money related blog, maybe it'll be about how to make money in real estate or simply how to make money online. Pick the niche and stick to it. If it's a diet and fitness related blog, maybe the niche is the Ketogenic diet, the Atkins diet or some other form of diet or fitness.
Add the links on your blog posts without sounding salesy. I don’t just say buy this or that, I usually write about something useful that happens to mention a product or I write about something I’ve researched about and link the product to Amazon. For example, when it comes to a recipe (which I rarely do) I say “now put the mix in a 9in pan” – 9in pan is a link to Amazon. People probably don’t need one but some might click on the link to see what I use and that might generate some money if they buy something else.
Also, I know from my personal experience that when you only do something because you think it’s a money-spinner you end up nearly killing yourself to get the idea over the line.  I remember creating a careers advice site that bored me to tears.  Every word I wrote, hurt a little.  All 200,000+ words!  Do not put yourself through this pain.  I know I won’t ever again.
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