A few weeks ago, I checked my email on a Thursday night at around
\n9pm. Nothing important in the inbox.<\/p>\n
The next morning, when I started work at about 7am, I went into
\nmy email inbox to find that 2 of my subscribers had each ordered
\nmultiple information products from me overnight while I was
\nsleeping.<\/p>\n
The total dollar amount: $1,079.<\/p>\n
In addition, my agent sent me an unexpected royalty check for
\n$1,993 for a Japanese edition of a book I wrote in 1985.<\/p>\n
Total passive income for the day (so far): $3,072<\/p>\n
Hardly a fortune. Didn’t make me rich. For many internet
\nmarketers, peanuts.<\/p>\n
But the point is that “in my sleep” that night I made slightly
\nmore money than the average American makes working three full
\n40-hour weeks (not including commuting time) to earn.<\/p>\n
With no labor on my part. No meetings. No phone calls. No leaving
\nthe house. No even being awake!<\/p>\n
I tell you this not to brag, but to make a point:<\/p>\n
I firmly believe you should have multiple streams of income, with
\nat least one of them being passive income.<\/p>\n
For two reasons.<\/p>\n
First, while a paycheck is steady and expected, orders like the
\n$3,072 are unexpected — and there is delight in surprise.<\/p>\n
Even if it’s a small amount, an unexpected royalty, commission,
\nbonus, or order makes my day … and many of my colleagues have
\ntold me the same is true for them, too.<\/p>\n
Second, and more important, if you can develop a passive income
\nstream that generates annual six-figure revenues … without
\nactive daily labor from you …<\/p>\n
(… in other words, you make money when you sleep — or are on
\nvacation — or do nothing at all …)<\/p>\n
…that gives you a degree of financial security that 95% of your
\nfriends, relatives, and neighbors will never have.<\/p>\n
I am not money hungry or even money oriented.<\/p>\n
I work long hours in my copywriting business and will do so as
\nlong as I am able. Yes, to make money and also for the sheer
\npleasure of it.<\/p>\n
But by making a six-figure passive second income online, it’s
\ncomforting to know we could live nicely off that $100,000+
\nalone if our active income profit centers went belly up (e.g.,
\nyou got fired, your luncheonette went out of business).<\/p>\n","protected":false},"excerpt":{"rendered":"
A few weeks ago, I checked my email on a Thursday night at around 9pm. Nothing important in the inbox. The next morning, when I started work at about 7am, I went into my email inbox to find that 2 of my subscribers had each ordered multiple information products from me overnight while I was […]<\/p>\n","protected":false},"author":1848,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1731","post","type-post","status-publish","format-standard","hentry","category-success"],"_links":{"self":[{"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/posts\/1731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/users\/1848"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/comments?post=1731"}],"version-history":[{"count":3,"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/posts\/1731\/revisions"}],"predecessor-version":[{"id":1736,"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/posts\/1731\/revisions\/1736"}],"wp:attachment":[{"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/media?parent=1731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/categories?post=1731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bly.com\/blog\/wp-json\/wp\/v2\/tags?post=1731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}