Turning Passive Income Streams Into Raging River
Let's say you have several good ideas for creating some passive income streams. Let's say even though you haven't fully tested the ideas yet, you know the ideas are reasonably good because you're part of the target markets involved and you've seen other members of those target markets asking questions that led you to come up with those ideas in the first place.
Now. Let's say that you also have some active income streams, (job, business, whatever), that you must attend to as well. Let's say that you need to maintain those active income streams until you get the passive income streams flowing. (Translation: You have to eat. *g*) And let's say that those active income streams consume your time. A lot of it. Those streams consume so much time because those streams involve time intensive operations, (such as developing software *g*). So much so that you really have nothing or almost nothing left timewise to devote to developing your passive streams.
(Note: I'm using some of Mike Ross' suggestions to subcontract out some of the development.)
The questions:
1. How do you manage your active income streams to allow time to develop your passive income streams? Or do you not manage your active streams? Do you just sleep less? *g* Remember too that most of us also need to give time to our families, communities, churches, etc. How do you make all of this work?
2. How do you find the get and up and go when it feels like it got up and went? *g* IOW, after you've given all you've got to your active income streams, how do you have anything left to give to your passive income streams?
Rick Smith, "The Net Guerrilla"
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