4 ms·

i think we all agree passive income is the bomb. the difficulty comes in building the passive income while having to be realistic about health insurance, and w

i think we all agree passive income is the bomb. the difficulty comes in building the passive income while having to be realistic about health insurance, and well, having food to eat. i wish these sorts of articles would spend more time on the bootstrapping portion of this journey instead of the "glorious future" when everything is all running smoothly. i mean its just as easy to write a article about Facebook and say "just build one of those" but obviously the devil is in the startup, so to speak.

ctdonath 14y ago
"Suppose you were already very comfortable with passive income, just like I am. Imagine that you had many thousands of dollars coming in every month, more than enough to cover all your expenses. Whether you work or not, fresh income keeps flowing to you month after month and year after year, based on streams you set up years ago." Aye, there's the rub. Not sure what his point is after that supposition. The verbose fictitious conversation is rather ... absurd.
- unreal37 14y ago
  He once posted that he has calculated every article he writes earns him $2400 in revenue[1]. From that, he can calculate that if he wants to increase his annual income by $5,000, he just needs to write 21 more blog posts. So from that perspective, this article is just another $20 per month in his pocket. That's the point. [1] http://www.stevepavlina.com/blog/2006/09/how-much-is-a-blog-post-worth-would-you-believe-2400-dollars-each/ http://www.stevepavlina.com/blog/2006/09/how-much-is-a-blog-...
- dcotter 14y ago
  3 simple steps to become a millionaire (by Steve Martin) "First, get a million dollars..."
bcl 14y ago
Take a look at the rest of his site. He's been writing about this for years.
brlewis 14y ago
The very term "passive income" sweeps the bootstrapping part under the rug. It's anything but passive. A more realistic term would be "delayed income".

ctdonath 14y ago

"Suppose you were already very comfortable with passive income, just like I am. Imagine that you had many thousands of dollars coming in every month, more than enough to cover all your expenses. Whether you work or not, fresh income keeps flowing to you month after month and year after year, based on streams you set up years ago." Aye, there's the rub. Not sure what his point is after that supposition. The verbose fictitious conversation is rather ... absurd.

unreal37 14y ago
He once posted that he has calculated every article he writes earns him $2400 in revenue[1]. From that, he can calculate that if he wants to increase his annual income by $5,000, he just needs to write 21 more blog posts. So from that perspective, this article is just another $20 per month in his pocket. That's the point. [1] http://www.stevepavlina.com/blog/2006/09/how-much-is-a-blog-post-worth-would-you-believe-2400-dollars-each/ http://www.stevepavlina.com/blog/2006/09/how-much-is-a-blog-...
dcotter 14y ago
3 simple steps to become a millionaire (by Steve Martin) "First, get a million dollars..."

bcl 14y ago

Take a look at the rest of his site. He's been writing about this for years.

brlewis 14y ago

The very term "passive income" sweeps the bootstrapping part under the rug. It's anything but passive. A more realistic term would be "delayed income".