The Passive Income Portfolio takes you on an across-the-board journey, spanning multiple industries, toward generating and sustaining passive income. This cogently written piece of work takes you to the heart of creating Passive Income and does it brilliantly with its tiered approach that builds-up the process of generating residual income streams in a structured lucid style. The author dexterously juggles targeted income generating strategies with acute business and financial insights and real life illustrations in a compelling and easy to read format. The subject is covered with ample breadth and compelling profundity using a step-by-step approach. As you roll through the pages and bask in the insights, you will not only witness a change in your mindset but also come across direct go-to resources that you can use to begin implementing the theories mentioned herein. A complete reference book, this is a must read for all the passive income aficionados who want to bite into real substance. http://www.thepassiveincomeportfolio.com/
To create residual income, you need to create something that people will continue to buy on a regular basis long after you’ve created it. A house is a prime example of this as people will continue to pay rent for the right to live in the house. A business needs to have products that are sold over and over again rather than trading the business owner’s time for money.
Java Metals is expecting an ROE of 15% over each of the next five years. Its current book value is $5.00 per share, it pays no dividends, and all earnings are reinvested. The required return on equity is 10%. Forecasted earnings in years 1 through 5 are equal to ROE times beginning book value. Calculate the intrinsic value of the company using a residual income model, assuming that after five years, continuing residual income falls to zero.
But I hate the very idea of how the “kick back and do nothing” business opportunity is sold. *Residual* income and *Passive* income are not the same, so I agree with you there. I’d love to see a series that goes more in-depth into what kind of work each type of digital business needs, a kind of fantasy vs reality thing. (Mostly so I could have something to send to people when they ask me, as I’m not in business.)
and implement the residual income model. However, we can simplify the model by using the same multistage approach we used for DDM and free cash flow models. We'll forecast residual income over a short-term horizon (e.g., five years) and then make some simplifying assumptions about the pattern of residual income growth over the long term after five years. Continuing residual income is the residual income that is expected over the long term.
Jon, you always keep it real and I LOVE that about you and your writing! You are so right! There’s always an amount of work that goes into creating “passive income” or becoming a blogger who monetizing with services and courses. Thanks for being honest about how long it can take to truly master the required skills. Frankly, I’ve done my 4+ years of undergrad and grad school and what I’ve been learning in the last 2-3 years as I’ve dug deeper into improving my copywriting and blogging skills by taking classes with yourself and other trustworthy mentors is giving me the best foundation to help me build my freelancing business and ultimately step away from my 9-5. For me, it’s all about who I work for, under what conditions, when, and for how much, rather than a “no-work-at-all” lifestyle. That’s totally unrealistic. And I appreciate you, as a well respected “Guru” yourself, for saying so!
Most of the stuff I see sold on the report is not stuff I’ve recommended. What this has taught me is that you want people to click on an Amazon link because you have a high chance that they will buy something within the next 24 hours that will get credited to you. So your goal is for people to click on your links and not necessarily to buy what you’re recommending.
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.
Yeah, entrepreneurship is definitely not a defined path that can be summed up in one book. I think it’s mostly about having the right mindset and determination/hustle. That’s why I love listening to and watching Gary Vaynerchuk. I think an easy one to start with is “Start Something That Matters.” The right mix of inspiration, motivation, and instruction. Plus I’m just a big fan of the shoes and company. Let me know what you think.
Policies may restrict the amount of part-time earnings relative to full-time, pre-disability earnings. This restriction may be a maximum benefit per month or a maximum percentage of pre-disability earnings. For example, an employee may have purchased a policy with a monthly maximum benefit of $5,000, but may have a pre-disability income of $80,000. The difference between pre-disability income and annual benefits is $20,000 ($80,000 - $60,000), or a cap of 75%.
Then, at the end of three months from the date of the domain registration, I'll let you know how much the blog is currently earning. I'll share traffic stats (you'd be surprised how little traffic you really need in order to earn a decent start-up income). I'll share specific revenue stats (as much as I'll be allowed to based on the ad networks' policies). I'll tell you exactly what I did to get there. My goal is to show you that you can at least hit a three figure income in three months. Obviously I'm not aiming for $100 to just call it a day. I will do the best I can using as little as I can in a model that anyone can follow. Some general updates will be posted here just to let you know the project is still under way. I hope that teaching by example will help to alleviate some of the fears some freelance writers have about blogging for residual income. Will you be along for the ride?
Index funds provide you with a way to invest in the stock market that is completely passive. For example, if you invest money in an index fund that is based on the S&P 500 Index, you will be invested in the general market, without having to concern yourself with choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.
Obviously, these are much higher than you’re going to get with most other investments. What’s more is that you can choose a plan that matches your investment strategy, whether your goal is Supplemental Income, Balanced Investing, or Long-term Growth. You can also look at different real estate projects and choose for yourself which ones to invest in.
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.
One great way to generate a passive income is through affiliate marketing. Now, this does depend on the size of your list. Yes, size matters when it comes to your list. Especially if you're looking to make some serious money and do it on autopilot. But, list-building takes time. It doesn't happen overnight. And you need to add value to your list or you become obsolete.
Not passive. I suppose blogs have a “long tail” like any copyrighted work of art (book or song or whatever), but I don’t think it’s as easy to keep it monetized. That would be an argument for condensing and reformatting your blog posts to an updated, organized print or e-book. I think your traffic estimate is too generous, if you stopped producing current content.
Similar to what Chris Guthrie did with his Amazon niche sites back in 2008-09, you should take every dollar you earn and reinvest it into your passive income business…pay for more content to be created, for better (and quality) backlinks to be built, to buy new niche sites etc. At least for the first few years. Chris did this, and it allowed him to go from $0 to $100,000 in just over 12 months.