Comments on: Setting Goals for My Passive Income

By: Alternative Income Streams Progress - April 2007

Alternative Income Streams Progress - April 2007 — Mon, 02 Apr 2007 13:56:56 +0000

[...] I’ve grown my monthly income by over $300 – which means that I have beat the goal I set here in half the time that I predicted. In addition, I’ve dropped my necessary expenses by $40. [...]

By: richdadsecrets4me.com » Blog Archive » Setting Goals for My Passive Income

Tue, 09 Jan 2007 12:35:40 +0000

[...] For more details. [...]

By: lazymanandmoney

lazymanandmoney — Wed, 18 Oct 2006 19:59:49 +0000

I've been thinking about that and even created a post discussing it. The blog isn't really passive as it's something that I have to devote time and effort in. However, if it got to be super huge, there's the potential of the work to be very minimal and income high (at least in relation to the amount of work). So over time and with enough effort, I think it will become closer and closer to true passive income, but will never be there unless I can start hiring writers, managers, etc.

By: supermom_in_ny

supermom_in_ny — Wed, 18 Oct 2006 15:50:16 +0000

Won’t this blog become passive income? Sure, you update it regularly, but eventually the quantity and quality of the content should bring you more revenue. Right?

Just wondering what’s your opinion?

By: It’s a Festival of Carnivals! | Lazy Man and Money

It’s a Festival of Carnivals! | Lazy Man and Money — Tue, 17 Oct 2006 20:27:57 +0000

[...] My Goal for Passive Income was accepted at both Make Love Not Debt and Passive-Income.org despite the fact that I should have probably called it alternative revenue streams. [...]

By: Make Love, Not Debt

Make Love, Not Debt — Mon, 16 Oct 2006 09:37:35 +0000

Carnival of Personal Finance Seventy…

Hello everyone, and welcome to the 70th edition of the Carnival of Personal Finance. We’d like to especially welcome first time visitors to Make Love, Not Debt. Please take the time to look around and read some of our posts…….

By: Lazy Man and Money » Blog Archive » Too Much Focus on Prosper

Lazy Man and Money » Blog Archive » Too Much Focus on Prosper — Thu, 12 Oct 2006 15:15:06 +0000

[...] Five Cent Nickel has expressed some concerns with my reliance on Prosper.com – and he right to do so. I’m a little surprised that I haven’t come across more similar comments. [...]

By: fivecentnickel.com

fivecentnickel.com — Wed, 11 Oct 2006 23:11:52 +0000

Do you have other potential sources of passive income? It sounds like you’re relying pretty heavily on Prosper, and personal lending is still just a grand experiment. If it ends up having staying power, then great. If not, then you’d be a lot better of if you had a backup plan.

By: Lazy Man and Money

Lazy Man and Money — Wed, 11 Oct 2006 06:14:00 +0000

Jane, I’ve been you reading you long enough to know not to do that ;-). Seriously, though, as my Prosper.com loans get paid off, they go into my Prosper account. As the payments are scattered throughout the month, I may get $7 one day and $3 the next. As that builds, I’m going to compound it into other Prosper.com loans. At least that’s the plan for now. As you say, it may take a decade, and by that time there may be better investment opportunities for me.

As for not increasing my lifestyle, that’s always a goal, but I do plan to start a family in the next ten years, so the costs of living will go up.

By: Jane Dough

Jane Dough — Tue, 10 Oct 2006 20:21:00 +0000

While you try to build up your passive income also look at ways to reduce your fixed monthly expenses. Generally this will not happen in a year or so. Rather it might take you a decade or more to build the income – the trick is as you increase your passive income try not to use that to increase your life style.

Rather the excess income should just be put back to work producing even more excess income.