Yet another workweek at the office has passed by. October. A completely different color palette is starting to show and many lifeforms are preparing for a well-deserved winter-break (is it normal to be jealous at deciduous trees?). The adults were right: the flight of life shifts to the next gear when having kids – I can confirm having joined the adults with kids-group some time ago. Co-parenting seems to even have replaced my old gear-box with something cruelly more powerful.
Somehow knowing that things need to change -as you could read in my previous post, Why work doesn’t work– and feeling time fly by, results in some conflicts (still manageable – but an occasional eye-twitch can’t always be suppressed). My goal is to be able to slow down and have time to do what I want, yet there is an orientation phase that takes (a lot) of time, there will be an investment phase (taking time and perhaps money) and there’s the risk none of it will work out. Add a job, burn-out recovery and three kids to the mix and you’ll realize it’s gonna be a frightful fight for freedom 🙂
As I mentioned in my initial post Why – We Are But Ants, the orientation-phase -listening to podcasts and reading blogs/books about passive income streams- has some minor side-effects. Besides broken car consoles and books ripped to pieces, it really makes you wonder: am I that stupid? (Ok, I wonder about the latter more often, regardless of people making passive income by selling thin air/talking about passive income, but I guess that’s me :)). People who googled “passive income” know exactly what I mean: wherever you look, you get the same lists, with some vague explanation. No concrete examples of how much money and time you will need to invest, how hard it will be to generate revenue and how long it might take to see some light in the ant-tunnel.
I’m working on a model to at least make that initial google-search more focused and to reduce that standard list of options to a top-5 that fits your personality and your time-/money-investment possibilities. A model that gives a more concrete explanation of your top-5 earning models (risks, timeline, financial requirements,…), including links to existing, more specialized sites that can get you going. Ladies and gentlemen, my beloved 10 followers (ok ok – 9 admittedly: I follow myself – curious to see what happens on my own page :)): I am eagerly expecting the PIM! I will share ultrasounds of premature stages whenever I think it looks nice enough to get some feedback and then iterate (or abort poor little PIM if the public opinion doesn’t agree upon it being life-worthy – no intention to start any abortion debate here).
In the past 20 years I’ve already made some attempts to become financially independent, long before people started to be on FIRE 😉 In my next posts on passive income, while PIM is growing, I’ll share the scarily discouraging stories I lived as landlord, Crypto-god and stock-star (I told you I often wonder: am I that stupid – you might start to wonder too ;)). But: still standing and ready for the next series of stories.
Thanks for reading!