The Power of Passive Income
Ok I am going to be rambling a bit here, but I need to get these thoughts out of my head…
Passive Income is my favorite business model. It is the idea behind how I build my ‘Get Paid To’ income stream and it is the same goal I have for all the projects I am working on.
Work really hard for a little while and get paid for years. That is what I absolutely love about passive residual income. Let that stream continue to pay you while you work on your second stream.
After that you have two streams paying you while you work on your third, then your fourth and so on.
Before you know it, you have dozens of income streams that keep paying you month after month after month.
Each of the websites I have been building have been my little income streams.
To me it is like a snowball, I am slowly pushing it along through the snow. Each turn of the ball doesn’t make it much bigger, but if I keep rolling it over time it will start to grow and get bigger and bigger.
One day may not make a huge difference, but 30 or 40 days is huge. Persistence is the key.
You may not see much results the first day, or the second… but if you just keep going and persevering you will see the results starting to trickle in. Then before you know it, that trickle turns into a flow and then that flow turns into a waterfall.
It can be done, I am determined to do it. One day at a time, one step at a time. I am going to build my passive income and I am going to pay off all $72,900 of my debt before April 2009 rolls around.
Anyone can do it, it doesn’t take luck. It doesn’t take talent. It is not something that you are just ‘born with.’ You make it happen, you do it by not giving up.
Don’t let making money online get overwhelming. Just as you don’t climb mount everest in a day, you don’t become a millionaire overnight. Take it one dollar at a time. Take it one step at a time. Concentrate on one income stream at a time.
You can do it, anyone can if they truly work for it.
Progress Overview
Amy,
Fantastic post! Seems so many want “instant riches” when all you need to do is start SOMEWHERE! Solid, consistent work now can make a big difference in your future.
I took a peek on Warrior - your WSO seems to have BOOMED!
Congrats to you!
Some really great advice!!!
Amy I love this! This was exactly what I was needing to hear.
Thank You
Nikki
Amy - I wanted to thank you because as you blaze your path you are making it easier for those following your journey to start their own. Excellent post.
Excellent post Amy..I tend to get overwhelmed and ahead of myself wanting everything to happen NOW..I am going to refer to it often.
Excellent post. Persistence is the key.
I have one problem with the “get paid to…” sites. Just doing CashCrate, has created a ton of junk mail in my inbox.
Steve, You will want to use a 2nd email address for those so you don’t get spam in your main email address.
I just bought your $12 book, so that negates my previous comment about surveys driving junk mail to my inbox…:)
I should have bought that book much much soon.
Thank You.
Great advice! I believe this as well. I am forcing myself to stay put until one income stream is developed. Then I’ll move on. It takes a lot of willpower and I have a backlog of ideas. But ideas are worthless unless you take the time to execute.