After all it’s just a fish, right? Wrong. This is not your everyday fish. For one thing, the giant snakehead can kill you. Female snakeheads have been known to attack and sometimes actually kill human beings who get too close to juvenile fish.
That sums up my ultimate goal. I want my money to work for me rather then working for money. The easiest way to do this is to invest in income producing assets.
As of February 08 I have two streams of income that do not require me to do any work.
I don't suppose tahat anyone's pointed out that neither reselling web hosting nor renting out houses is really passive income. Both tend to require actual work when you least expect it.
That said, I agree with his goal of doing nothing and making money although I've yet to find a way of doing it. Thus, I stick with looser active income.
Hi Ogg, the profit on the rental property is after mortgage, insurance and management fees. Its bringing in $110 each month in money that I do not have to work for. The webhosting I do not do much work at all. No customer support, setup or management. All I do is send a monthly email requesting payment. Ive been hosting 2 sites for over a year now and have had zero problems so far. Thanks for checking out the site
After all it’s just a fish, right? Wrong. This is not your everyday fish. For one thing, the giant snakehead can kill you. Female snakeheads have been known to attack and sometimes actually kill human beings who get too close to juvenile fish.
ReplyDeleteA brief history of the western style toilet. Also note that the blogger is struggling with debt and seeks sweet passive income:
ReplyDeletePassive Income
Do nothing. Make money.
That sums up my ultimate goal. I want my money to work for me rather then working for money. The easiest way to do this is to invest in income producing assets.
As of February 08 I have two streams of income that do not require me to do any work.
Also note that he is a Robert Kiyosaki fan.
ReplyDeleteI don't suppose tahat anyone's pointed out that neither reselling web hosting nor renting out houses is really passive income. Both tend to require actual work when you least expect it.
ReplyDeleteThat said, I agree with his goal of doing nothing and making money although I've yet to find a way of doing it. Thus, I stick with looser active income.
Also, I hope that the figures on the rental are after mortgage, etc.
ReplyDeleteHi Ogg, the profit on the rental property is after mortgage, insurance and management fees. Its bringing in $110 each month in money that I do not have to work for. The webhosting I do not do much work at all. No customer support, setup or management. All I do is send a monthly email requesting payment. Ive been hosting 2 sites for over a year now and have had zero problems so far. Thanks for checking out the site
ReplyDelete