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How to get a passive income without working (like a moron)

How to get a passive income without working (like a moron)

Caution Strong Language

Hey, thanks for watching this great video on “How to get a passive income without working (like a moron)” by Alex Becker. I’ve made a few notes relating to the above video which you’ll find below.

Creating a passive income on the Internet

We have all heard about creating a passive income on the internet. Well I’m here to burst that particular bubble. There is no such thing as creating a passive income on the internet. This mind set is caused by so called guru’s in order to sell their product. It is not congruent with reality.

The problem with this mind-set is that you are bringing an employee mind-set into entrepreneurship.

In business you cannot just kickback and relax because things change all the time. For instance if you create a piece of software and are making a “passive” income from selling it, all that is required to take away your “passive” income is for someone else to create another piece of software that replaces what your software does and starts selling his “improved” version at a lower price.

Once you stop working on your business somebody else will take away the income that use to be generated from your business.

When you set out to make a passive income you are setting out not to work. And this is totally the wrong mind-set to have. Thinking this way you are setting out to do the bare minimum work and not challenging yourself.

Your business will be based upon very poor concepts that have no foundations.

You cannot set out to build a business with the goal of not working.

You have to set out to be the best; you have to set out to be great; and you have to set out to make money. When you have this mind-set making money becomes easy.

How to create a passive income

However, if you really want to set up a passive income this is how to do it:

Strategy #1

Make so much money that you cannot ever spend all of it. Set out to do this over the next 5-year period; then kick back and relax.

Strategy #2

Make a goal of making $1,000,000 from your business. Save that money – don’t spend it on crap. And then find someone who can get you a 10% to 15% return on investment every single year. Once you do that you’ll be making $100k to $150k per year of passive income and you will be free to do what you want.

Kindle Publishing Cash Secrets

Kindle Publishing – An Incredibly Profitable Income Funnel

Whether you enjoy writing, or you have existing content that you’d like to monetize, Kindle Publishing is one of the easiest and most profitable ways to get started.

I know you’ve probably been through your share of missed opportunities, where you’ve felt as though had you moved on something sooner, you’d have been successful at it. We’ve all been there. The greatest thing about Kindle publishing is that it was quite popular but since Amazon Kindle Fire it only got even more popular.

And here’s a bit of inspiration from fellow self published authors on Kindle:

  • Amanda Hocking sold over 100,000 copies of her kindle books
  • Nathan Lowell sold over 4,000 copies in a single month
  • Ellen Fisher sold over 5,000 copies of her kindle books
  • J.A Konrath sells over 10,000 copies every single month

These self-published authors have gone on to make thousands of dollars in royalty payments every month from Amazon. Even the complete beginner can start making money quickly, because the Amazon Kindle marketplace is wide open to everyone from all walks of life, all experiences, and all types.

If you have the ability to write short stories, tutorials, guides, or even a true story of your life and experiences, you can build an incredibly profitable income funnel from within the Kindle marketplace.

Plus, publish a book once and continue to generate passive income for years to come! That’s one of the most exciting aspects of becoming a Kindle author. You can continue to make Continue reading →