The Quest for Passive Income Part 2
45Growing Your Money Tree
Click thumbnail to view full-sizeOutsourcing & Leverage
Passive Income: Income that flows into your bank account without having to utilize your own time to create it.
Over the last 6 months I have worked very hard to turn my dreams into attainable goals.One of these goals is "retiring" my parents by Aug 4, 2014.That's pretty specific without getting into the details of what "retiring" is defined as. For the sake of not trailing off on how important goal setting is I have recommended a couple of books below.
In my first hub I mentioned that I would focus on internet marketing to achieve my goal of $2000 Monthly Passive Income by Jan 1st 2010. I have since shifted to learning as much as I can about outsourcing and leverage. Not to mention sales, marketing, real estate and investing in start ups.
Studying these subjects/deals has helped bring clarity to the 2k P.I. goal, enabling me to start a plan to achieve it. My mentor frequently tells me, "If you want to achieve something find someone who has done it and study what they did."
This hub is a heads up for Part 3 where I will be getting into the specifics of some of the topics I have mentioned here. As well I will be writing about my perception of a great book I'm currently reading on creativity called "Thinkertoys" by Michael Michalko.
Thanks for reading and be sure to check out my next hub, I promise it will be full of juicy information on passive income.
Books I recommend.
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The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
Price: $7.95
List Price: $19.95 |
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Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
Price: $8.92
List Price: $16.99 |
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rb11 says:
5 months ago
Looking forward to more insight about the steps required to get to that goal.
Regards