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Cashflow: you want many of them, things that have royalties or residuals that add up over time. Better having a bunch of gradual passive incomes instead of one
by sova 8y ago
Cashflow: you want many of them, things that have royalties or residuals that add up over time. Better having a bunch of gradual passive incomes instead of one big income. Making software that is sold in an App Store is a way, but also offering your web dev services on a month-by-month basis (subscriptions) may be a potential way to leverage this idea. Longterm you want a way for money to continually keep finding you, and the quantities don't need to be huge but the trickles should be many. Start with something that scales and get it working. Other things that can help you make a passive income are: writing books (after you have a life worth of experience to write about or very strong philosophy or understanding, or simply colorful use of language), create music and sell albums or songs online (i am breaking into busking, myself), create or invent something that kicks back a small percentage but frequently. It all adds up, so small things ... don't shy away from them. What's your ideal vision for job and house and squad situation? Visualizing where you want to be without stressing so much the "how" can be really beneficial because we are naturally pathfinders in a rapidly changing world, sometimes we need to focus on the honeypot and the rest falls into place.