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Think of this course as Passive Income - 101
It's a primer on what passive income is, the benefits of passive income, the five best ways to create it, and what passive income is not.
This is not a program for getting rich quick.
Although it will introduce you to five of the best ways to create passive income, this course is more about why creating passive income is so important, how to position yourself to attract it and how to use it to enhance your life.
Having money is great, but how you design your lifestyle to attract and use that money is even more important. That's what this course is about.
It also includes a bonus section with tips on handling success once you achieve it.
I have been studying and experimenting with strategies for creating passive income for over 10 years. In that time I have not only learned about how to actually create passive income. I have also learned how to evaluate the quality of that income.
I have learned that the value that I give back in exchange for that income and the quality of life that income creates for me are as important, if not more important than the income itself.
Whether you are new to the idea of passive income or have been chasing it for years like I did, this course will guide you to a better understanding of how to attract it and how to use it to enhance the quality of your life.
What is the power of passive income?
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|Section 1: What is the Power of Passive Income?|
Why Everyone Should Have Passive Income (That Includes You)
The first thing we'll look at is the answer to this question: Is creating passive income even possible?
Then we'll look at:
What it costs you to not have passive income:
How passive income can benefit you:
How to Create and Use Passive Income
In this lecture we'll consider the following topics:
- Passive income is the new retirement account:
- What’s the best way to create passive income?
- How do you use passive income to enhance your life.
It doesn’t take a lot of extra income to make a big difference. And the possibilities are almost endless. That’s why you need to start creating a little bit of passive income today. Then make it grown into a passive income snowball that will begin to change your life in big ways.
You can learn from my experience
For over 10 years I have studied different strategies for creating passive income. In that time I have learned which ones have huge potential, which ones are a waste of time, and the pluses and minuses of each of them. I have invested in stocks and mutual funds, purchased rental property, published eBooks, created niche websites, created customizable products like logo mugs for resale and created online educational courses.
In this course I’m going to give you an overview of what I have learned so you can make a better informed decision about how you can start creating passive income for yourself. For all of the reasons above and more, you need to start creating passive income.
What you'll learn in this course:
- 3 success strategies you can start doing today to attract passive income
- 3 critical mindsets for creating passive income
- 2 common pitfalls on the way to creating passive income
-The top 5 ways to create passive income in today’s economy
So, how do you get started? Watch the next lecture and learn 3 success strategies to get you started in the right direction.
The hardest part of creating passive income is figuring out where and how to start. This lecture will give you some ideas and inspiration to jump start you into action so you can create the passive income you're dreaming of.
Finding the time to spend on Passive Income creation can be hard. Here are some ideas for carving time out of a busy schedule.
At the end of each section there will be a text lecture like this that has the entire script of the lectures in the section.
This is a great way for you to review the material or reference a segment that you need to further clarify.
|Section 2: Three Success Strategies for Creating Passive Income|
We all have heard about the importance of written goals and many of us have even tried it with very little results.
But written goals are powerful. Especially when combined with specific numbers and specific dates that are read aloud daily with passion.
In this lecture you'll learn a specific script and process for creating and using goals effectively.
If you're going to achieve your goals you will need to learn how to be passionate and focused. Notice I use the word learn how to be passionate.
In the first part of this short lecture you'll learn about the importance of cultivating passion.
Focus is critical for achieving any goal. This is why being very specific with your goals is important. This is also why being passionate about what you are doing is important.
Both of these things allow you to focus more strongly on the task at hand which is required to achieve your goal.
In this lecture you'll learn the power of focus and how to use it to reach your goals more quickly.
Passive Income Assignment #1
Text Summary - Three Success Strategies for Creating Passive Income
|Quiz 1||3 questions|
Let's see what you remember.
|Section 3: Three Critical Mindsets for Creating Passive Income|
Gratitude is an amazing emotion. Gratitude holds the power of making you feel like you're wealthy, like you're happy and like you're loved.
When you're thankful for the things that you have it makes you aware of how much you do have. If you are watching this video, you are wealthy. You have access to valuable information and the careful use of it is worth a fortune.
In this lecture you'll learn how to use gratitude to change your thinking and inject power and happiness into your life.
In this lecture you'll learn three powerful ways to change your thinking about money to increase your wealth and your quality of life.
1 - Changing Your Relationship with money
2 - Being a Good Coach in the Money Game
3- Choosing to be Financially Free Over Being Rich.
One of the biggest characteristics of highly successful people is that they do not give up! EVER!Failure is just a temporary setback and a learning opportunity at that.
Often, failure propels us forward faster than successes.
In this lecture you'll learn how to turn failure into huge success.
Passive Income Assignment #2
Text Summary - Three Critical Mindsets
|Section 4: The Top 5 Ways to Create Passive Income|
In this lecture you'll be learning about the first of five top ways to create passive income.
I have started out with the more difficult ways and will save the best ways for last. Still, real estate can be a very effective, truly passive income generator. This lecture will give you the pros and cons of real estate investing and even give you an example scenario of how to create passive income with real estate.
In this lecture you'll learn how paper assets like stocks, bonds and mutual funds can be used to create passive income. You'll learn the pros and cons of investing in paper assets and see some numbers for how this scenario could work.
This is where things start getting exciting. These last three are my favorite ways of creating passive income.
Technically, extreme savings doesn't directly create passive income, but it can be such a great strategy to employ either directly to create passive income in the future or it can be used with one of the other strategies in this section to drastically increase the amount of passive income you can create.
Building websites is an incredible low-risk way to get passive income flowing into your life. You don't need to be a computer programmer but there are some things to learn along the ways.
In this lecture you'll learn the pros and cons of website creation and how to avoid the pitfall of turning your website into a job.
Kindle eBooks are my favorite way to create passive income! They are super low-risk and it's easy to learn how to create them.
In this lecture you'll learn the pros and cons of Kindle eBook creation as well as a complete overview of how to create a steady stream of passive income with Kindle eBooks.
Udemy has recently passed up Kindle Publishing as my new favorite way to create passive income online. I LOVE teaching on Udemy. It's fun, fulfilling and the income potential is huge!
The market for e-learning is growing rapidly too, so it's a great time to make money teaching online.
|Lecture 22||2 pages|
Thanks to the great suggestion from Kimberly I've included a downloadable list of passive income ideas. This list is designed to get you thinking about new possibilities for creating passive income. I'll add to the list as I come across new ideas. If you have other ideas you can add them to the discussions and I'll add the best of them to this list.
Passive Income Assignment #3
Text Summary - The Top 5 Ways to Create Passive Income
|Quiz 2||4 questions|
Let's see what you remember from this section
|Section 5: Two Dangerous Pitfalls on the Way to Success|
The good is often the enemy of the best.
Distractions can be your worst enemy. In this lecture we will look at some of the most dangerous distractions and how you avoid them.
When creating passive income it is critical to be able to distinguish between active income and passive income.
How do you know if it is truly passive?
Here are two simple tests for any business or investment you might consider to see if it is truly passive:
Test 1 - It is truly passive income if you can forget about it completely for 6 months and it will keep earning you income, and maybe even grow in income, while you’re gone.
Test 2 - It is truly passive income if you can create more and more of whatever it is without becoming busier and busier.
Passive Income Assignment #4
Text Summary - Two Pitfalls on the Way to Success
|Section 6: Bonus Material|
How to Handle Your Newfound Success
Conclusion and Thank You
Bonus - Discounts to My Other Courses
Learning is easier if you are given the right tools and instruction. In every one of my courses I take my students step-by-step through the tools and knowledge they need to accomplish their goals.
Whether I am teaching How to Publishing Kindle eBooks, How to Learn Excel, or How to Create Killer Content for the Web I always share an inside view of my knowledge about the subject. You get access to all of my secrets.
For over 10 years I have studied strategies to create passive income and how to use passive income to vastly improve the quality of your life.
I have tested many different strategies from investing in rental real estate to building niche websites about my hobbies to publishing Kindle eBooks. I have studied what works and what doesn't work, and I have narrowed my research down to the strategies that work the best for creating financial freedom and an improved quality of life.
Each of my courses is designed to share my hard-earned secrets with you.
I hold nothing back. I won't bore you with all of the strategies that didn't work. I'll get right into the exact steps that I have taken to be successful so that you have the opportunity to replicate them.
Of course, it's no secret that one of my favorite ways to generate truly passive income is through publishing Kindle eBooks. I have published over 100 eBooks and published five of those in print. Many of my books have been bestsellers including my own pottery book The Despicable Five.
Once I developed my Kindle publishing system, learned some formatting secrets, and learned how to use some simple SEO skills, publishing eBooks became remarkably simple.
Even hiring writers, which would seem scary at first, is really easy and even fun when you follow my system.
Using my system, you can publish one or two books and then roll the profits from them into hiring people to write more books for you, so you aren't taking any money out of your pocket.
It starts out as a little passive income snowball and as you add the profits back into the snowball it grows and grows until you are seeing a surprising and exciting amount of passive income.
I retired in 2014 thanks to my eBook publishing success. Now, I'm using my spare time to find the best ways to create passive income. As I find great ways to make money from home I'm more than happy to share what I learn with you.
You'll notice that my new favorite way to create passive income is teaching courses on Udemy. Check out my Udemy Course Creation course to see why I love it so much!
I am here to guide you on your way to success. You can contact me at any step of the way for assistance, even if you're unsure whether my course is the perfect fit for you. Let me know your concerns and I'll point you in the right direction, even if it's to someone else's course.
I'm always happy to help.
Are you ready to take your skills to the next level? It all starts with knowledge, and my courses make that part easy for you.
Sign up for a course today! I'll see you in there.