2157
4 min 41 sec

Q&A: “I’m ready for more passive income…”

Our listener is earning more than $50,000/year from three side projects. Whoo hoo! Still, he wants more of this income to be passive, because he’s doing a lot of work for it. How can he go to the next level?

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What It's About

I'm tired of working for the money—how can the money work for me?

Notes from Chris

Episode 2157
Our caller today is looking for something that you might want, too. I don’t usually like to generalize, but in this case, what he wants is… passive income. So, yeah, I’m guessing you might appreciate more of that as well.

It’s also a success story, because his side hustles since being part of the Side Hustle School community are bringing in more than $50,000/year. Whoo hoo!

I love hearing these reports—and I want to get one like that from you as well. Still, as Roger says, he wants more of this income to be passive, because he’s doing a lot of work. So how can he (and perhaps some of our listeners) go to the next level?

"Hi Chris, this is Roger. I've been listening since the beginning, and I'm happy to report that I've taken real action.

I've lost count of the number of side hustles I've started and walked away from, but the good news is I've stuck with three of them.

All told, they've increased my income more than $50,000 a year, which has allowed me to prepay much of my mortgage, take vacations, and worry a lot less about losing my job. So, thank you for that!

You might be wondering what the problem is. Well, there actually IS a problem: all of these projects take a lot of work. Not just the brainstorming or setup work, but actual operations. In fact, none of them provide any real sort of passive income. Now that I've been doing this a while, I realize that's what I really need.

So what do I do to go from working hard and making extra money to working less hard but still making extra money?

I'm ready to go to the next level, so don't be afraid to give me a homework assignment."

Listen to today's episode to learn more...

 
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Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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To infinity and beyond,

Chris Guillebeau