As you all know, I am working to build up a large amount of passive income. My plan is that with enough time and dedication, I can replace my low day-job income. This would enable me to stop working, focus on building up other passive or semi-passive streams of income and enjoy life much more without having to be stressed. The main reasons that I think I can accomplish this is that I am not looking to get rich and I’ve had some success already. I don’t need a lot of money to survive.
Over the past few months, I have found myself making the plunge in starting and buying more blogs that I ever would have thought imaginable. My wife tells me it is an addiction (and that’s probably true), but in reality, it is all part of my master plan to retire early. I am currently working at a job that is a decent job for right now. I am finishing up my Master’s degree and due to my sudden fascination with earning a living from blogging, I have decided to switch paths on my career. In order to achieve my crazy goal, I know I have to build up passive income. This is where more blogs come into play. To be quite honest, I think there is something to say for focusing all of your efforts on one blog and building it’s traffic up before starting on a second blog. I often wonder if I am not spending enough time writing and building up my first site, but alas, this isn’t my approach.
For all of those who are faithfully following my progress on this site, you know reporting my income is a tradition at Passive Income to Retire. My goal is to have enough income to more than replace my income from my day job. I want to make sure that I can sustain a steady income before I do something crazy like retire at the age of 27, so I am building up my income now to see if I can maintain it for a while before pulling the plug on the traditional job. My goal is to build up a stream of steady income that I can sustain by working less than my day job.
If you are wanting to make money by blogging, there are two ways that you can go about it. You can either start your own blog or offer some sort of freelance service. Both are viable options to earn money, but which one is the best? This was one of the questions that I was… Read More »