Archive for April, 2008
The Magic of Passive Income
Hi all,
First and foremost, thanks for the emails and comments from those wondering about my absence. I know it’s been a very long time since my last post. Various family emergencies have kept me away from projects like this one for much of this year. I won’t go into the details, but in brief, two very close family members have suffered life threatening illnesses in the past few months. One had cancer, and the other a heart attack. The good news is both survived and have recovered.
I’ve also taken a lot of time to rethink my priorities in life. As you might imagine, these sorts of events can bring on the need for such reflection. I’ve made a lot of changes, hopefully for the better. More details on that to come.
The Game is Still Afoot
As for the game, no, I most certainly have NOT given up. In fact, it has progressed quite nicely behind the scenes, with hardly any input from me at all. How is this possible?
Recall my last transaction was to put up a Web site called Renewable Wealth. I added a few more pages of content to the site before setting it all aside in January. I’ve hardly touched it since. However, it has generated a steady trickle of traffic.
Passive Income
I checked the adsense logs, and discovered that the site has earned a tiny but steady stream of income. Total earnings since creation: $35.84! That’s a return of over 700% on my initial investment of $4, in just 4 months.
With no input from me over the past few months, I have made money in my sleep, and grown my stake by several hundred percent. This is the magic of passive income, of owning an income-producing asset.
Adding in the $2.05 left over from my previous transaction, I have grown my stake to $37.89, from absolutely nothing. The return I’ve earned on my initial dime is over 37000%, and I’ve moved up to step 8 of 24. Believe it or not, taken in terms of doubling, I’m a third of the way to a million dollars.
As you can see, passive income is immensely powerful.
Now what?
Obviously It’s time to reinvest, but I have a problem - the site is doing well, but it was time consuming to build, and time is precious now as always. How can I replicate this technique without burning through all my free time?
That’s the subject of the next post. Stay tuned. (And I assure you the wait will not be anywhere near as long this time 
)
