Earn Passive Income 24/7
Financial Independence through Passive Income
Hello. My name is Darrin Scott, and my job is to prove to you that PassiveIncome247.com is not not the usual "get rich quick" website. There are many scams out there, and it would break my heart to be thought of as one of them.
The truth is, I am a father of 3. I am 46 years old. My day job is running a small software company, overseeing investment properties and online websites that generate income. I have not worked for anyone in 5 years, and I never will again. I am fortunate to be riding out the Great Recession from the comfort of my home office.
Most of what I have to offer you is already contained on this web page. If you desire to go deeper and learn more from me, then please consider downloading my free e-book. It provides more details about my personal experiences and the path I took to financial freedom. I won't offer an empty promise that it will make you rich over night; I do think that my experiences can server as motivation, or even a map for you to get your own life on track with building passive income. But that is for you to decide.
CLICK HERE TO Download my free ebook, Lifestyle Possibilities: Building a 24/7 Passive Income
If you are looking for truth about about building financial freedom, then here it is:
"For most of us, Financial Freedom will never come, because we want the "stuff" that money can buy more than we want the personal freedom that money can buy."
"Because most people think of money as a way to buy things, every day their financial freedom slips through their fingers like water."
"Financial freedom is like dieting: everyone thinks its a good idea, but they would rather get started on it 'tomorrow.' How many more of your limited 'tomorrow's' will you waste? If not Now, When is the right time?"
In my years as an employee and SEC Series 7 licensed financial advisor, I observed that most of us are content to lead our deperate lives one day at a time, one paycheck at a time, without serious regard for teh future. I've learned that in order to be truly free from financial concerns, you MUST make a bold decision and a plan. Most people will never, ever do this, because it requires change and commitment, and those things are hard.
They are hard because of the "life gravity" that pulls us downward every time we try to strive for something. Life Gravity is my word for the forces that try to keep us down. It includes the bills we have to pay, the bank loans, the people we know who don't want us to change, self doubt... you get the idea. Life Gravity is all around us, and tells us that chanage is a bad idea.
But before we strive to obtain Financial Freedom, let me ask you one question:
What IS financial freedom to you?
Really... why do you want it? Aren't you just fine without financial freedom? Why isn't your daily grind job good enough for you?
To me, financial freedom it means having control over my life. The older I get, the more I realize that having the "stuff" on TV is not what I need: what I need is more time with my family and control over my life. I realized that these things would only be possible if I could earn a passive income to replace the income I would receive from a job.
You need to understand your "threshhold" for financial freedom. Your threshhold may be lower or higher than mine. Understand what you need to be able to achieve financial independence is the first step to obtaining it.
CLICK HERE TO Download my free ebook, Lifestyle Possibilities: Building a 24/7 Passive Income
I know people who I would describe as the "poor rich." They have nicer cars that I have. They have bigger houses than mine. They earn plenty of money, but I do not envy them. Because of the way they have structured their lives, they will never be financially free. They never earn enough, because as soon as they make more it is used to acquire more "stuff." This is largely a function of their personal ego, and a deep seated need to be recognized as someone important.
The above is not my definition of success. I advocate learning to live a frugal life (not a life of deprivation, but a simple life of contentment) while building your passive income
This website is for people who realize that working for money in order to buy more stuff is the path to an unfulfilling live.
Buy money yielding investments that will pay you passive return on your investment, instead of more "stuff" that will sink you ever deeper into debt.
On every investment we make, whether in the stock market or in businesses that we own, we look for a passive return on that investment.
My internet income allowed me to quit my job at Microsoft in 2004. No, I'm not among the super rich, but I have built a comfortable, independent life with cash left over for my family and I to take fun vacations.
Since striking out on my own, I have been financially independent, largely through the passive income I have built, and which keeps growing. My passive income works for me 24 hours a day, 7 days a week. It works on holidays, weekends, days when I'm sick, tired, want to go fishing, or when I'm just lazy.
Income realized through passive investments flows like a river. Our passive investments are tributaries that feed into that financial river. Although you may hit a home run and suddenly begin earning huge amounts of passive income (unlikely, but possible), it is vastly more likely that you will begin building your financial independence with several small tributaries feeding cash into the river. As more and more financial tributaries join down stream, your river of cash will become a raging torrent of wealth.
One way we can acomplish building this river of cash is through passive investments. Internet marketing opportunities are one way to do this. There are different types of passive investments, including dividend paying stocks, ETF's, and real estate. Internet websites is another way to build passive income which is relatively inexpensive to dabble with.
My first foray into owning a business was a huge mistake. I bought into a sub sandwich shop, and it was a huge hassle for me. Employees didn't show up. Customers complained. The franchise people were always looking over my shoulder and telling me what I could do. I learned that small businesses requiring large amoutns of capital for a small return is NOT the way to financial freedom.
But out of that experience I designed a spreadsheet for Microsoft Excel that did restaurant scheduling. I sold it on the internet, and have since made more money on that spreadsheet than I ever did as a restauranteer. Just a few hours of work, and now II still make money from that product today, as I have for the past five years. That experience taught me the value of creating Passive Sources of Wealth; that is, sales that will continue whether I am there or not. My first website to sell this product was a modest venture, but the lessons were well learned.
CLICK HERE TO Download my free ebook, Lifestyle Possibilities: Building a 24/7 Passive Income
Building product sales websites can, if done correctly, generate passive income for you on a 24/7 basis, and the income can last for years. Although much has been written about this, the quality of advice varies, depending upon who is offering the "program." The fact is, it is indeed possible to generate a very good income from the internet that can move you toward financial independence. It's also a fact that it is easy to waste a lot of time and money building websites or products that no one will ever buy. This often leads to people becoming discouraged and giving up on the project altogether. They label such programs as "ripp offs," become discouraged, and never succeed in building the passive income they need to become independent.
As a sales and internet marketing instructor at a four year college, I often have the opportunity to review several programs designed to get people up and running in an internet business. One of my favorite class assignments to my students is to have them "sell something online" and to write about the experience. In doing so, they learn the basics about how to select products, how to market and advertise, choosing keywords, setting up the website, developing content, basic SEO. Only about 1/5th of my students are ever successful in this assignment. The typical mistake that they make is this:: they start too big, investing too much upfront, and do not measure their results. The more successful students begin small (with a tributary) and build upon that early success, adjusting as they go. The successful students will increase their investment in the product once they see that increasing the investment will increase sales.
So how does one get started in buliding a 24/7 passive income? The first step is deciding what to sell. On the internet, you basically have a few options: you can sell your expertise in the form of consulting, you can development yoru own content such as writing an ebook, you can sell physical products that must be shipped, or you can earn income by sending qualified buyers to sellers of products. Of all of these methods the last one is an easy way to begin buliding income: send qualified buyers to sellers who will pay you a fair commisison for the traffic.
There are many different websites that help make it easy to sell other people's products passively, and you can get started with little to no upfront investment. I participate in many of these programs (RegNow, ShareaSale, Commission Junction, ClickBank, etc) and have had some measured success with each of them. To avoid common mistakes, I have found that most people will greatly benefit by a small upfront investment in knowledge. There are many people who are willing to teach you the basics and help you get a running start in bulding your passive income. By investing in the knowledge up front, you can jump the learning curve, and save yourself months of effort and a lot of money.
ClickBank is a great way to start with a low investment. Michael Jones is a "ClickBank Guru" who is well known for his succesful program that helps people get started right away. Michael's advice certainly saved me time and money when I got started with ClickBank. Although ClickBank is just one of the financial tributaries that feeds into my river of passive income, I highly recommend him for those starting out. His program (although a bit long winded) is very successful for those who will heed his advice.
We wish you all the best in your endeavors. Remember, financial independence through passive income is possible. The trick is to get started today. Start small, think big, and give yourself at least a 3 year time horizon to accomplish your goals.
When that first check comes from your passive investments, it is a tremendous feeling. It may be just enough for dinner at McDonalds (likely), or might be enough to buy the whole restaurant (unlikely), but whatever the amount, it will tell you a) this is possible to do, and b) you're on your way. Every great river has a source. Make it happen! Three years from now you'll be glad you did.
CLICK HERE TO Download my free ebook, Lifestyle Possibilities: Building a 24/7 Passive Income
Passive Income Building System
Michael Jones is a "ClickBank Guru" who is well known for his succesful program that helps people get started right away. Michael's advice certainly saved me time and money when I got started with ClickBank. Although ClickBank is just one of the financial tributaries that feeds into my river of passive income, I highly recommend him for those starting out. His program (although a bit long winded) is very successful for those who will heed his advice. Click here
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