Comments on: Passive Income Goals 2010

By: Kai Lo

Kai Lo — Sun, 17 Jan 2010 08:11:28 +0000

Lis,

I think it’s not hard to sell your passive income guide because I think you brand yourself pretty well. I’m sure there are plenty of similar niche guides, but it is the person who brands themselves better will profit more. I think it’s worth a shot.

By: James

James — Thu, 07 Jan 2010 21:51:30 +0000

Awesome goals. I always find it interesting that wealth is relative to ones spending and debt. Some people could never be satisfied with 5k a month.

By: John Jeracevich

John Jeracevich — Sat, 02 Jan 2010 12:23:05 +0000

passive income is not something that is linked to your activities that earn you your primary income. In effect, your money works for you to earn more money for no incremental effort on your part apart from the act of investing. This concept is similar to idea of compounding of capital you probably learned as a school student in your Maths class.

By: Heather

Heather — Sat, 02 Jan 2010 10:39:51 +0000

Hey,
This post is really very inspiring! Planning like this is something so many people dont do and is one of the biggest causes of failure in internet businesses. Over the next few days Im going to write a similar plan for myself!

By: dave

dave — Sat, 02 Jan 2010 03:15:19 +0000

5k a month would be a winner in my book, just not a realistic goal for me – yet – and I do not see it happening unless I can go fulltime IM. With a kid, a cat, unemployed baby mama and 7 fish to feed, I have some challenges ahead of me this year – and have been trying to break the 2k a month for half a year now…:)

By: Lis

Lis — Tue, 29 Dec 2009 18:33:03 +0000

The $5000 really should be profit not revenue – though Iam still not reinvesting as much as I should be – my ongoing expenses are less than $500

By: Scott

Scott — Tue, 29 Dec 2009 11:19:23 +0000

Lis:
Excellent article on executing a plan and setting reasonable goals to earn passive income in 2010. Sense when is $5000 a month not sufficient? To me that is a lot, but my overhead (investments for sites) is rather small because I have only 5 sites, which = an approximate overhead of $50 monthly…

Q: How much do you invest on a monthly basis to operate your sites to generate passive income? I guess the answer to that question has a lot to do with the perception of $5000 being sufficient or not? Anyway…

In all honesty I have yet to actually sit down to map-out any plan or strategy for my passive income goals for 2010. My only goal at this point is to simply have my sites sustain themselves; and perhaps to earn me a few extra bucks too lol Time is money, and the time invested in developing and optimizing sites should be rewarded — in the least.

My goal, however, is just like yours and many others; to work from home earning passive income and eviscerate from the daily employment grind… My job sucks all the life out of me! Although I average good money and insurance benefits, it takes a toll after a while and I truly wish to end it soon. So to achieve this I guess I need to plan! Like you noted, “failing to plan is a plan to fail,” and I am in no position to invest in failure.

Thanks for the inspiration.

~Scott

By: Lis

Lis — Tue, 29 Dec 2009 05:02:23 +0000

yeah I know you are supposed to do the stretch thing – but I am a bit lazy – so don’t want to exert myself too much LOL !

By: Trent

Trent — Tue, 29 Dec 2009 03:17:35 +0000

Lis,

I think you have set very reasonable goals that you will certainly reach in 2010. I know you have the knowledge and skills necessary to do it so now it’s just a matter of putting in the required effort. See you at the top!

Trent

By: Lis

Lis — Sun, 27 Dec 2009 19:54:30 +0000

Logical George – no point in having a budget for investment if you have no money to invest!