Power of Passive Income

A lot of people, including my parents, have a hard time understanding why someone would want to work without knowing exactly how much they are going to be paid. Whenever I tell my parents that I'm writing an article, they ask me how much I'm going to get for it. I always tell them that I don't know and that I hope it's a lot. They look at me like I'm crazy. Passive income is a powerful thing that most people don't understand. If everyone knew what you could do with a passive income, everyone would be doing it.

I'm assuming most people reading this blog know what passive income is and what it can do but if you don't, here's what it's all about. For example, let's compare two articles. One article is a guaranteed $20 and another article is revenue share. Let's assume you make $2 a month from that article. After a year, you will have $20 for the guaranteed article but you will have $24 for the revenue share article. In two years, you'll still have $20 for the guaranteed article but you'll have $48 for the revenue share article. In five years, you'll probably have spent the $20 for the guaranteed article, however, you'll still be making money on the revenue shared article which will be at  $120. So what would you choose to do? Write an article for $20 or for $120. Remember that the revenue share article will still be earning past the $120.

Most people on Info Barrel have concluded that it takes 150 articles to earn $100 a month. I've seen a few people with 250 articles and they seem to make around $300-350 or more per month. They will make this amount for the rest of their lives. It's like the Publisher's Clearing House prize of $5,000 a month for the rest of your life. If you write enough articles, you could easily earn that much money. I am plan on making $5,000 a month off my articles within 3-5 years. I will diversify with a thousand articles on Info Barrel, a thousand articles on Hub Pages, a couple hundred on List My Five and a couple hundred between the rest of the revenue sites. With $5,000 a month, I can retire (or at least not have to work if I don't want to) and actually start living my life. Who knows how much I could actually make - far more than $5,000 a month is possible. I'm motivated by the thought of being able to do whatever I want without having to worry about money.

November Goals & Contest

My goals for November are to write 2-3 1,000 word articles a day and to keep up with my school work. So far, my goals are doing well. I have a ton of homework to get done today so I'm not sure if I'll have time to write any more articles. I've written 8 articles in 3 days and made $0.91 so I'm doing very well. So well that I'm thinking of going for the November contest. I'm currently in second place - AJ is in 1st place. He wrote a ton of articles on the first of the month and a few smaller articles on the second and third. If I keep up this pace, I might be able to win the contest. It would be nice to get an extra $100 and it would give me motivation to keep going. Plus, I would get 50 achievement points. I would love to get into the top 100 for achievement points someday and 50 points would help me out. If I'm still in the top 5 on November 15, I'll step up my game to try for first place in the contest.

Side note: I've closed the comments on this blog. All comments so far have been great but I've got social anxiety when it comes to comments on blogs. I'm always worried about comments that will derail me and cause me to give up. Instead of worrying, I thought it would be better to just close comments. If you still want to comment, you can email me by clicking on my name on the right.