Renewable Wealth Update, and More On Leverage
I’ve added a bunch of content to Renewable Wealth over the past few days. I had been neglecting it for a while because I was busy with other things, but even the small amount of content that was there brought in a trickle of passive income the entire time, so my stake continued growing behind the scenes.
It was never my intent for Renewable Wealth to be a static “fire-and-forget” site, though, so now that I have some time to come up for air I am adding more content. (Static sites are a great way to earn passive income online , though - we’ll be discussing them more down the line.)
There are Opportunities for Leverage Everywhere
This is a good time to mention the concept of leverage again. You see, green investing is a great interest of mine, and I have been spending a lot of time trying to shift my investment portfolio to being as close to completely green as possible without sacrificing performance.
So here I am doing all this investment research for my own portfolio, which hopefully will produce a nice return for my retirement account as well as my soul. But all of that work can be leveraged to benefit me further if I write about it and share it with others. So, that is exactly what I am doing. I am simply writing about the stocks I have chosen for my own green investment portfolio, with a brief discussion of why I chose them.
The time spent is negligible compared to the total time I have spent on this research, but it allows me to profit further from my own work in several ways: 1) More traffic to my site; 2) When having to make my case for these investments to others, I am more apt to make doubly sure my logic is sound; 3) I can get feedback form my readers which might point out flaws in my thinking; 4) I can get others involved in Green Investing, which is one more tiny contribution to the future of the planet; 5) I can connect with others in the Green Investing community. Not bad for an extra few minutes to write up research I am doing already. Now ask yourself: is there anything you spend a lot of time on that could be leveraged in this way?
Leverage Your Passions
If you have a personal passion that takes up a good chunk of your time, there’s a good chance that other people share it. Consider how you might leverage the time you spend on what you love to help you progress toward financial independence. Put up a site and share your knowledge and experiences. You’ll enjoy it, and chances are you’ll profit as well.