Comments on: Buy Things & Build Things That Pay You Monthly

By: Tag

Tag — Sun, 10 Feb 2019 19:11:18 +0000

Hey Zach! Just a thought but if you end up making a course/ebook you may want to start laying the groundwork now. I love seeing monthly blog stats (you could add them to your monthly financial post) and that could go a long way towards documenting the stats you’ll most likely be using anyways to market your course. Just a thought 😀

By: Savvy History

Savvy History — Sat, 09 Feb 2019 20:37:25 +0000

I think you are definitely on the right path and will be living your vision out sooner than later! I can’t believe how long I went in life before I heard about passive income, and then how long I went after that before I thoroughly understood passive income and what it might look like in my life. I still trade my time for money (as you say), but I keep in mind a Warren Buffet quote where he said, “If you don’t find a way to make money in your sleep, you will never retire.” Interesting…. thanks for your example.

By: Profitable Ideas: A Brain Wired for Wealth, Lower the Cost of College, and more. | Matt About Money

Fri, 03 Aug 2018 13:40:13 +0000

[…] Buy things and build things that pay you monthly (Four Pillar Freedom). Multiple streams of income, especially when some are passive, is a wonderful thing. […]

By: Gonzalo | Win/Despair

Gonzalo | Win/Despair — Mon, 16 Jul 2018 16:20:39 +0000

Really cool what you’ve been able to do with this site. It must feel like you’re printing money or something when you get those monthly $500-1000 that you made from blogging.

My ultimate goal is to be able to decide what I do with every minute of my day. No time obligations, complete freedom to work on whatever I’d like 24/7. As you said, the only way to do this is by building assets and not having to trade my time for money. Always a good reminder.

By: Simple Money Man

Simple Money Man — Mon, 16 Jul 2018 15:34:57 +0000

Very nice. All our time should be considered an investment and whatever we use it on should pay dividends. 🙂
Before we realize it the snowball will get bigger and bigger and those investments will allow us to use less and less of our time. It’s like a bell curve.

By: Reverse The Crush

Reverse The Crush — Mon, 16 Jul 2018 12:24:23 +0000

Great post, Zach! Such a simple concept that is hardly taken advantage of. The majority of people are not aware that they can buy assets that pay them money. Worse, though, are the people that do understand the concept but continue buying liabilities anyways. You did a great job of simplifying this concept. This is one of those posts you can send to people that have a hard time understanding FI. Thanks for sharing!

By: Tom @ Dividends Diversify

Tom @ Dividends Diversify — Mon, 16 Jul 2018 11:24:34 +0000

Hi Zach, Totally agree that passive income or recurring revenue streams are the way to go. I did find however in my professional career that adding valuable skills and abilities allowed me to trade my time for more money per hour as the years went on. That shouldn’t be taken lightly as most of will have to trade our time for money for a number of years, so we might as well get the highest pay rate possible. And then drive the excess into income earning investments. Tom

By: Liz @ Splurging on Freedom

Liz @ Splurging on Freedom — Mon, 16 Jul 2018 09:12:00 +0000

Hey Zach!

Great post as usual, with an equally amazing strategy. I’m personally still learning a lot about all the ways to build passive income. It can be a little overwhelming (okay, a lot overwhelming), but it’s totally worth it.

I can’t wait till you build your courses and products. Maybe you could consider writing a book / an ebook? Will 100% support. 🙂

I think the reason why most people don’t spend their money employing this strategy is because of their need for instant gratification. Which is a huge pity, because most of us are stuck in these “soul-sucking, commute-laden” day jobs that we really dislike. (Totally feel you there.)