Posts Tagged ‘passive income

Hey Folks,
I decided to do a video blog today to show you a recent change I made to my passive income business, UniversityTutor.com. For those of you who haven’t been following the blog for a while, I launched this business in about 1 month with $100.
I only changed one sentence on the website – [...]

My one goal in 2008 (or new years resolution if you’d like) was to get to $2,000 per month in passive income. There was hardly a day that went by in 2008 that I didn’t think about this goal actually. I was that obsessed with it.
By the way, in case you’re thinking “$2,000 [...]

About four months ago I wrote…
Congrats to this blog breaking the 1000 subscriber mark! It’s been a little more than a year since I got started. I think the next 1000 will go ever faster as we build momentum. Thanks to everyone who subscribed and commented!
Well, I’m pleased to report that as of today is [...]

How To Get Rich

In: Wealth

21 Nov 2008

A few drips of water from the pipe under your sink hardly seems like a big deal, but a month later it may may have caused a whole bunch of damage.
You can’t see your hair and fingernails grow, but each month they require your attention for some trimming.
To you it’s just a home, but due [...]

The whole idea of retirement is based on the assumption that you dislike what you’re doing enough to want to stop one day.
Instead, you should be pursuing “financial freedom” – the moment when your passive income exceeds your living expenses – because then you can really start to do your life’s work. Maybe you’ll [...]

This comment came from a Breaking Free reader by the name of Caleb. I thought others might find it useful so I decided to highlight it here:
Brian,
I’ve noticed that wealth generation falls into one of two categories: Income and Growth.
Income puts food on the table today.
Growth builds over time until your net worth itself [...]

If your goal is to make a passive business, sometimes you have to find creative ways to automate tasks which would otherwise be performed by a human being.
Case in point: someone recently started spamming my tutoring site with messages like these:

This type of scam shows up often on CraigsList.com and it just recently hit my [...]


About this blog

Breaking Free is a blog for people who'd like to quit their 9-to-5, start their own business, and achieve financial freedom. It's written by web-entrepreneur Brian Armstrong. You can read more here »

  • Craig Bowman: Thank you so much for the information, very helpful! [...]
  • calum: someone told me before you start any venture, is to ask yourself, HOW MUCH MONEY AM I PREPARED TO LO [...]
  • Alex: Brian: thank you for sharing your knowledge, you have a wonderful site!!. On the other hand, I agree [...]
  • Brian Armstrong: Haha, thanks :) Yep I have heard this figure also from the internet marketing community (which I ge [...]
  • Brian Armstrong: Hey Chuck, I've only heard anecdotal evidence but these appear to be right in line with other fre [...]