That’s it. The ending to My Passive Income Story (at least the first book).
Every good story starts at the end. An author has a goal in mind for their hero/heroine and the story is the character’s quest to fulfillment. Whether that goal is self-enlightenment, a new planet, teaching an idea, or buried treasure, the story describes the good and the bad, the easy and the hard, and everything in between on the way to glory.
For me, the buried treasure is making $2000/month of passive income. The journey? Still to be written.
My name is Andrew, and my first step in this passive income story is this blog. Join me on my adventure to $2000/month in passive income! Along the way, you’ll get to know more about me and what steps I’m taking to make this possible. I’ll tell you everything I try. Let my story be a guide to your future success!
Some might ask why I need to make an extra $2000 a month. Well, first, who wouldn’t want to?? Second, that’s roughly what my mortgage and car payments together are a month. So, basically, I want those expenses to be paid for so that my wife and I can have a bit extra laying around for our future child (coming in August!) and for saving for a down payment on a bigger house. Plus, it would be really nice to have some extra money laying around (especially if I ever want to buy that wayyyyy too expensive mountain bike I want!). So I’ve made it my 2018 resolution to make $2000 a month in passive income by this December.
So let’s break down $2000/month.
- $24,000 added to our yearly income. That could really go a long way!
- $66.667 a day
- $2.778 an hour
- $0.045 a minute
- $0.00077 a second
- … I really like numbers!
Those numbers really don’t seem too bad, right? This means I need to find some way to make a little less than a nickel a minute, or a gallon of gas in an hour (of regular gas in the midwest**), or a nice dinner for 2 in a day.
Is $2000 possible?
Is 2G a month possible? Well if you go and watch YouTube videos or Facebook ads from passive income “gurus”, they’d say that’s chump change. They’d say that they make that in an hour, and they will show me how.
Well, call me the constant skeptic, but I don’t believe them. I don’t think that this journey is going to be easy. I don’t think that I can watch a video, or a course that one of these “gurus” is selling and instantly become a millionaire from passive income. There’s no such thing as a “get rich quick” scheme. Trust me, I’ve looked, I’ve pondered, I’ve schemed, and I’m still making $0 in passive income a month.
What I’ve figured out is that this is going to take a lot of dedication and hard work.
Is it possible? Yes. I truly believe that if you set your mind to anything, you can achieve it. I’m excited to take on this task and knock it down!
How am I going to make this passive income?
That’s a great question, because I’m not entirely sure yet. But I’ve done research. I’ve watched many videos, and read many books. I’ll definitely be linking to those in future posts.
Here are the many things that people who claim to be gurus in making passive income are doing:
- Selling products
- Making courses
- Making products
- Software as a Service (SaaS)
I’m sure there’s more and I’m forgetting them now, but they all tend to revolve around the internet.
Luckily, I’m in a position to be able to explore many of those avenues. With this blog, I’m trying out one. I’m also going to be creating a couple other blogs of various topics that really interest me. I’ll link to those once they are ready to go!
I have in interest in most of the other categories listed above, and we will just have to see where this story leads.