We all get subjected to criticism from time to time — sometimes harsh criticism. What’s the best way to deal with it? Do you simply need a thick skin? Do you try to understand and forgive the other person? Do you fight back? What if you want to stretch yourself by doing something that may [...]
Sticking to the Plan – By Steve Pavlina If you want to enjoy the benefits of passive income, then you’ll have to make it a priority in your life. It’s not going to happen automatically. It will take some effort and hard work. But if you strive to balance the four aspects I mentioned above, [...]
Making a Contribution – By Steve Pavlina The final key to creating passive income is to make a meaningful contribution. If your work doesn’t contribute, then essentially you’re trying to mooch value from other people, and that isn’t sustainable in the long run. Just ask Bernie Madoff. This is especially important if you’re trying to [...]
Leveraging Your Skills By Steve Pavlina Our third criteria is that you need to leverage your skills. It’s okay if you’re not highly skilled when you’re first starting out, but if you wish to generate some serious passive income, then commit yourself to developing some of your skills to a very high degree of competency. [...]
Enjoying the Work – By Steve Pavlina It’s important to enjoy the work you’ll be doing to create your streams of passive income. If you don’t enjoy the work, you’ll probably procrastinate and sabotage yourself. When I thought about trying to make money from real estate investing, I just couldn’t see myself enjoying it. I [...]
Making Money – By Steve Pavlina It’s wise to study the various ways you can make money passively. There are lots of possibilities, but some will work better for you than others. I’ve found that due to my technical skills and Internet knowledge, it’s fairly easy for me to generate passive income online with a [...]
Figuring It Out – By Steve Pavlina For many years, I’ve been earning six figures per year in passive income. This has included streams like affiliate income, joint-venture deals, royalties, advertising, and donations. I don’t need to do much, if any, work to maintain these streams. Money just keeps flowing each month. I didn’t reach [...]
Making the Choice – By Steve Pavlina I was lucky to learn this distinction between active and passive income during my 20s, mainly by reading books written by successful entrepreneurs. At some point I made the decision to focus on building streams of passive income instead of relying on active income. This required some short-term [...]
Creating Passive Income Streams – By Steve Pavlina Passive income (or residual income) is money that you expect to earn on a regular or semi-regular basis that you don’t have to do any significant additional work to receive. Some examples include royalties, investment income, rental income, interest income, and residual sales commissions. Active income, on [...]
How many times have you seen a sign on a store or somewhere saying, back in 10 minutes. Or gone to lunch back in 15 minutes. These have to be the most annoying signs anywhere. Really I do not have any problem with people needing to take a break to get lunch or use the [...]
