I’ve been blogging off and on for a couple of years and it just hit me…I’ve had the wrong mindset about blogging. There is more than one form of income that I break down in my mind into four categories: active (sometimes called linear), passive, active/passive combo, and windfall.
Active Income
Active income is exchanging time for money like working at a job or freelancing. Of course there are advantages to having that set amount of money coming in; but there are also disadvantages. For example, your time is not really your own when you’re working for money. Active income takes a short-term outlook to meet current needs.
Passive Income
Passive income is generated by working once to create a stream of income then collect income perpetually (or until the stream dries up). Think long term here.
The Active/Passive Combo
The active/passive combo is doing a job that will pay you when you do the work and will continue paying afterward. For example, when an actor receives a salary for their role and receives royalties afterward. Now that is the best of both worlds.
Windfall Income
You may think about an inheritance or winning the lottery when you hear the term windfall, but I’m talking about actual income. My old law firm did this in the form of working certain types of cases–those taken on a contingency basis. It’s all or nothing but well worth it for the right cases.
Now back to blogging…I was treating my blogging experiences as active income. When I wasn’t seeing immediate results, I became discouraged and backed off blogging. But this epiphany hit me, blogging is for passive and windfall income. Blogging is a long-term project that will generate passive income if you persistently pursue this path.
If you’re on the brink of giving up on blogging, don’t. (At least not yet). First read The Blog Profits Blueprint. It’s a free ebook written by six-figure blogger, Yaro Starak. This book shows how to do blogging right and it’s free so what do you have to lose?
Posted in passive income.
Tagged with Money, passive income.
By Rosalyn
– February 8, 2010
We were created to glorify God. “Each person is given something to do that shows who God is.” I Corinthians 12:11 (Message Translation) The reward for fulfilling your purpose is great; however, there are consequences for falling short of the mark.
We all play a different role in fulfilling the purpose for which the human race was created. Since the body is to be fitly joined together, we were all created for each other. Our true purpose cannot be found apart from serving people and serving with other people. Living outside of your purpose either creates a void or a deformity. “Now matter how significant you are, it is only because of what you are part of. An enormous eye or a gigantic hand wouldn’t be a body, but a monster.” I Corinthians 12:19 (Message Translation)
I Corinthians 12:25-26 best describes the consequences of failing or refusing to serve our purpose. “The way God designed our bodies is a model for understanding our lives together as a church: every part dependent on every other part, the parts we mention and the parts we don’t, the parts we see and the parts we don’t. If one part hurts, every other part is involved in the hurt, and in the healing. If one part flourishes, every other part enters into the exuberance.” (Message Translation) What this passage teaches us is that if we’re out of place, we affect everyone else in the body of Christ.
Another consequence of falling short of your purpose is reflected in eternity. “The lines of purpose in your lives never grow slack, tightly tied as they are to your future in heaven, kept taut by hope.” Colossians 1:5 (Message Translation) In this passage Paul is commending the Colossians for their steady faith in Christ and their act of love that he’d been hearing about. What stood out for me was the clear indication that living your purpose has eternal significance. So let’s look a little deeper.
The Bible states in I Corinthians 3:13-15 that our works will be judged at the judgment seat of Christ. “…the fire will test the quality of each man’s work. If what he has built survives, he will receive his reward. If it is burned up, he will suffer loss; he himself will be saved, but only as one escaping through the flames.” (NIV) In other words, if what you did here on earth doesn’t withstand Christ’s judgment, you will barely slide into heaven. Everything you did while you were on earth will mean nothing.
Here’s what’s so important about living your purpose, you will not be judged according to what you did, but by what you were called to do (your purpose). So even if you’re doing something “good” if it’s not what God created you to do, it will be burned up at the judgment seat.
So, how about you, are you living your purpose?
Posted in life purpose.
Tagged with life purpose, living with purpose.
By Rosalyn
– February 7, 2010
When I think about generating passive income, two passages of scripture come to mind: I Kings 17 and 2 Kings 4. Of course when these events took place the dollar bill was not the medium of exchange but the premise is the same.
In I Kings 17 there was a widow who was down to the last of her mill and the last of her oil. She had just enough to make one more meal. But following the instructions of the prophet Elijah she stepped out in faith and gave him an offering of “a little cake”. That one act of obedience opened the door to a year’s worth of passive “income”. In a time of famine, the widow had enough to feed herself, her son, and Elijah without doing anything more. One act=passive income for one year.
The next example is found in II Kings 4 where another widow found herself in extreme debt and in desperate need of income to pay off that debt. This widow’s one act was to collect all the vessels she could find. Her one act gave her enough oil to sell and not only pay off her debt but for her and her two sons to live on.
Generating passive income is definitely a good thing–it frees you to be in a position to obey God in your giving and your living. If God said quit your job tomorrow an you’ve got enough passive income coming in to pay your bills, guess what? You’ll quit your job without hesitation. But if you’re depending on your job to pay your bills you’ve got a mental battle to go through to follow that instruction.
Based on the scriptures I just discussed, it seems that passive income is not just a good thing but also a God thing. What do you think? Please leave a comment I’d love to hear your input.
Posted in passive income.
Tagged with passive income.
By Rosalyn
– January 23, 2010