Comments for Living a Free Life http://www.livingafreelife.com Passive income through the stock market Fri, 09 Mar 2012 02:29:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on What I have been up to by Jason http://www.livingafreelife.com/what-i-have-been-up-to/#comment-159 Jason Fri, 09 Mar 2012 02:29:10 +0000 http://www.livingafreelife.com/?p=280#comment-159 Hi Filipe, Thanks for weighing in! Yes, I agree, there is nothing truly 'passive.' It used to be a given that U.S. treasuries would pay out no matter what, but now that U.S. treasuries have been downgraded from AAA credit rating, that is no longer a certainty. I do think that some kind of residual monitoring will be necessary for any kind of investment, be it real estate rental, annuity, stock dividends and yes book royalties. To answer your question... lots of people are using the metaphor as jargon. Just google "passive income" and 7 of the top 10 results promote a product teaching internet marketing. While this is a good skill to learn (and admittedly one that I need to learn...), it is not passive income. A lot of work is required, and 'a lot of work' ain't passive! I wrote a blog post specifically about this: feel free to check it out: http://www.livingafreelife.com/internet-marketing-is-not-passive-income/ Thanks again for posting, and enjoy the site! Jason Hi Filipe,
Thanks for weighing in! Yes, I agree, there is nothing truly ‘passive.’ It used to be a given that U.S. treasuries would pay out no matter what, but now that U.S. treasuries have been downgraded from AAA credit rating, that is no longer a certainty.

I do think that some kind of residual monitoring will be necessary for any kind of investment, be it real estate rental, annuity, stock dividends and yes book royalties.

To answer your question… lots of people are using the metaphor as jargon. Just google “passive income” and 7 of the top 10 results promote a product teaching internet marketing. While this is a good skill to learn (and admittedly one that I need to learn…), it is not passive income. A lot of work is required, and ‘a lot of work’ ain’t passive!

I wrote a blog post specifically about this: feel free to check it out:
http://www.livingafreelife.com/internet-marketing-is-not-passive-income/

Thanks again for posting, and enjoy the site!
Jason

]]> Comment on What I have been up to by Felipe http://www.livingafreelife.com/what-i-have-been-up-to/#comment-158 Felipe Fri, 09 Mar 2012 01:46:22 +0000 http://www.livingafreelife.com/?p=280#comment-158 I always took the term 'passive income' to refer to an income stream that works by itself once it has been set-up the recipient doesn't have to do anything to maintain it. Investment is one possible example. Another might be a book, you do all the work upfront in authoring a book, and then it practically manages itself once it is published. Or, that is the (broken) theory at least.I agree that it is a myth, because you have to actively and continually promote your book (your self) and you have to actively manage your investments. If you don't do those things then the income really is iavspse, and its health probably does decline over time.I'm reminded of Alec Baldwin's character, Larry Quinn, in the film Cat in the Hat'.The question that springs to my mind is this. What if someone is using the metaphor as jargon, and they mean something different? I always took the term ‘passive income’ to refer to an income stream that works by itself once it has been set-up the recipient doesn’t have to do anything to maintain it. Investment is one possible example. Another might be a book, you do all the work upfront in authoring a book, and then it practically manages itself once it is published. Or, that is the (broken) theory at least.I agree that it is a myth, because you have to actively and continually promote your book (your self) and you have to actively manage your investments. If you don’t do those things then the income really is iavspse, and its health probably does decline over time.I’m reminded of Alec Baldwin’s character, Larry Quinn, in the film Cat in the Hat’.The question that springs to my mind is this. What if someone is using the metaphor as jargon, and they mean something different?

]]> Comment on Book review: The Richest Man in Babylon by Jason http://www.livingafreelife.com/book-review-the-richest-man-in-babylon/#comment-147 Jason Fri, 02 Mar 2012 18:08:26 +0000 http://www.livingafreelife.com/?p=65#comment-147 Hi, welcome, and thank you. I truly do believe this book is the greatest starting point anybody who aspires to wealth can find. Besides of course an individual mentor-like person who plants the seed early on--which I never had. Hi, welcome, and thank you.
I truly do believe this book is the greatest starting point anybody who aspires to wealth can find. Besides of course an individual mentor-like person who plants the seed early on–which I never had.

]]> Comment on Book review: The Richest Man in Babylon by Chris Cardell http://www.livingafreelife.com/book-review-the-richest-man-in-babylon/#comment-146 Chris Cardell Fri, 02 Mar 2012 10:31:24 +0000 http://www.livingafreelife.com/?p=65#comment-146 excellent points altogether, you just gained a logo reader. What could you recommend about your publish that you simply made a few days ago? Any sure? excellent points altogether, you just gained a logo reader. What could you recommend about your publish that you simply made a few days ago? Any sure?

]]> Comment on Book review: The Richest Man in Babylon by Gregorio Wasser http://www.livingafreelife.com/book-review-the-richest-man-in-babylon/#comment-145 Gregorio Wasser Fri, 02 Mar 2012 03:33:14 +0000 http://www.livingafreelife.com/?p=65#comment-145 Hello there, my name is Gregorio Wasser and I've got to point out that Living a Free Life » Blog Archive » Book review: The Richest Man in Babylon is truly a really good contribution. Hello there, my name is Gregorio Wasser and I’ve got to point out that Living a Free Life » Blog Archive » Book review: The Richest Man in Babylon is truly a really good contribution.

]]> Comment on Book review: The Millionaire Next Door by Jason http://www.livingafreelife.com/book-review-the-millionaire-next-door/#comment-24 Jason Thu, 05 Jan 2012 21:28:51 +0000 http://www.livingafreelife.com/?p=195#comment-24 Hi Jason, Thank you for visiting and for sharing your thoughts. It really is a combination of both "making" money and "saving" money. You need to be able to do both. The debt monkey off the back is a HUGE relief... I will never forget when I finally paid off all my debt (the first time), what a relief it was! Hope I can be of help to you achieving your dreams. Hi Jason,
Thank you for visiting and for sharing your thoughts.
It really is a combination of both “making” money and “saving” money. You need to be able to do both. The debt monkey off the back is a HUGE relief… I will never forget when I finally paid off all my debt (the first time), what a relief it was!
Hope I can be of help to you achieving your dreams.

]]> Comment on Book review: The Millionaire Next Door by Jason http://www.livingafreelife.com/book-review-the-millionaire-next-door/#comment-19 Jason Mon, 02 Jan 2012 18:40:57 +0000 http://www.livingafreelife.com/?p=195#comment-19 Blog looks good, nice work... I recently read "The Millionaire Fastlane" and really liked a lot of what it had to say. I mean, if I want my kids to be rich I can lower expenses and save...but if I want to be rich I have to earn my way there. With that said, becoming debt free and having money in savings has really expanded my options on earning big income not to mention really reducing my stress levels. The debt monkey is off my back and it feels GREAT! Keep up the good work. Blog looks good, nice work…

I recently read “The Millionaire Fastlane” and really liked a lot of what it had to say. I mean, if I want my kids to be rich I can lower expenses and save…but if I want to be rich I have to earn my way there.

With that said, becoming debt free and having money in savings has really expanded my options on earning big income not to mention really reducing my stress levels. The debt monkey is off my back and it feels GREAT!

Keep up the good work.

]]> Comment on Internet marketing is NOT passive income by admin http://www.livingafreelife.com/internet-marketing-is-not-passive-income/#comment-16 admin Thu, 29 Dec 2011 13:19:05 +0000 http://www.livingafreelife.com/?p=61#comment-16 Hi Heather.. thanks for stopping by! Hi Heather.. thanks for stopping by!

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