If you’re like most people, you fantasize about quitting your job so you can turn you side hustle into full time passive income. But for whatever reason, you fail to take the necessary action.
Don’t get me wrong. Having a job is not the end of the world. But if your job is your ONLY source of income, you’re putting your family at risk. If you lose your job, you lose your income. And even if you keep your job, your earning potential is limited.
When you work for a boss, you trade your freedom for money. And the only way you can make more money is by working more hours, or finding a part time job. This is why many people feel like slaves. But what if there was another way?
Turn Your Side Hustle Into Passive Income
By now you’re fully aware that the Internet offers a gazillion opportunities to generate income. If you make a plan and consistently follow the plan, you can start an online business and grow your income into full time freedom. It’s really amazing if you think about it.
To give you an example of how this works, let’s pretend you have a product. Maybe it’s a puppy treat cookbook called “Delicious Puppy Treats You Can Bake In 10 Minutes.” And better yet, what if your cookbook could be fully downloadable so there is no inventory?
Unlike a brick and mortar business (which carries a ton of expenses), you can set up a website and start selling your eBook for less than a dinner and a movie for two. Your website is open all the time. And you can attract thousands of puppy owners (from anywhere on earth) and make sales all day, every day.
Passive Income Will Change Your Life
What I’m describing is called passive income. And passive income will change your life.
For example, imagine that you get invited to Vegas for your friend’s bachelor party. And just like old times, you and your friends meet up and roam the casinos like a bunch of hooligans. Next thing you know, it’s 3AM and one too many beers, followed by too many bad rolls at the craps table has led you back the ATM for possibly the second or fifth time…
The next morning you wake up, still fully clothed and hungover in your hotel room, riddled with shame. You knew you should have called it quits when the tables went south. But you didn’t. And as you turn over to grab the TV controller, you notice multiple ATM receipts. You grab the stack and add up the total… And sure enough you blew over five hundred dollars! But at least it was fun? Not really.
Now life sucks. You suck. The hotel sucks. Bachelor parties suck. And you’re never coming back to Vegas again. Because lets face it, the casino always wins. And at this point, you pick up your phone to check flights… Can you fly home early?
Just then, you notice the multiple email notifications from your shopping cart service. While you were making memories with your idiot friends, your website was generating enough passive income to save you from yourself. And luckily, you sold a TON of puppy treat cookbooks. In fact, you made over $700 in sales. Essentially your downloadable product paid for your long list of terrible decisions.
Even though you still feel some shame and should most definitely talk to a professional about your excessive drinking, your gambling problems, and your poor choice of friends… You at least didn’t totally drain your bank account. And with this in mind, you hop in the shower, ready to rue the Vegas morning over a bloody Mary with extra bacon at Guy Fieri’s Vegas Kitchen, which incidentally will also be paid for with passive income.
A Quick Disclaimer About Your Choices
Even though I used this ridiculous example, I’m not saying you should create passive income just so you can make bad decisions in Vegas. Why not support a charity, or a church, or buy some real estate, or run for political office, or buy your parents a vacation house in Myrtle Beach, or travel to some far off distant land? The point is, once you replace your job income with passive income, you can do whatever the heck you want…
Because you will have full time freedom!
When you set up your online side hustle, you have unlimited earning potential. And while it may take you a few months create your downloadable product – Once your product is complete, you can start generating passive income. Then after you create one passive income stream, you can create more products. And with each new product, your passive income gets closer to full time freedom. So what are you waiting for?