You may not know – I used to be a Geologist and even know useful stuff about how to make sure your house didn’t fall down a hill in rain storm or earthquake (here’s a hint you probably need a 3D slope stability program to do the calculation!) Having a science degree in real physical science has always been extremely useful – even long after I left the profession – because it taught me about cause and effect – and that just because something happens at the same time doesn’t mean they are related.
Where am I going with this – and does it relate to making passive income online? Well it does relate – we mix up cause and effect all the time: we think life is more dangerous for kids these days then it was in the old days – but most children survive to the age of 5 in developed countries now – something that would have been beyond imagining even 200 years ago, and unfortunately still is in some parts of the world.
We think that working hard on a site should see Google loving the site, sending us heaps of traffic and making us lots of money. We get mad if it doesn’t happen inside a month, most of us quit – and most people quit Internet Marketing just before they start to succeed at it. We chase the dream – but miss the obvious – starting your own business is about risk and reward – but first comes the risk. Building a passive income online is always about building a business: in might be a rental property business or an active share portfolio. Don’t get me wrong you might not be actively managing that business – my tenants don’t call me when the hot water breaks – they call my property manager – that’s his job – I pay him to work work for me – but I own the business – I take the risk – no tenant, I still get to pay the mortgage.
Its a lot like building a passive income business online. There are heaps of different models out there – unfortunately the most common one is parcel up shiny objects and sell those to the beginners – and persuade them that the more they pay the more likely they are too get rich overnight. Make no mistake someone is getting rich – but its not the person buying! At the end of the day – it doesn’t matter really how many make money online products your buy or how many membership sites you enrol in. Unless you are actually building a business i.e. creating some income producing assets e.g. websites – then you are just dreaming.
On that note – yes I have still been doing not very much to make passive income online – I mentioned in a previous post that life had been getting in the way. Well its pretty been going from bad to worse and now back again – I wrote off the car (me v.bus) – not sure whether I was in the wrong or not yet but have the pay out and am not much the worse for wear. Slightly annoying but as the 10-year-old car which we’d stored for 3 years while overseas had been running well until it impacted said bus. We have also bought a new house and weathered a health scare (that’s all it was a scare not a reality) – I am really looking forward to getting back to some level of normality next week!
Oh and the title – well hopefully most of you will know why the term “slope stability” needed to be in the title – the earthquake was the personal kind not the real deal and the passive income really has been just that for far too long now!