Comments on: Passive/Alternative Income Update – Sept 2007 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm Building Wealth through Saving and Investing Mon, 15 Mar 2010 03:38:18 -0400 http://wordpress.org/?v=abc hourly 1 By: JR http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-31371 JR Tue, 15 Apr 2008 23:26:27 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-31371 Shaun Rosenberg said "I love passive income. The only this is that you have to work hard to get it in the beginning. But once you have it, it feels good." why is that Shaun, I mean why does it have to be hard For example I read on MDJ you can start with almost zero, even on the credit card arbitrage thread, money for free. Then take that money and explode it into many things. Foster in his book claims that he did it, as did the Smith manouvre. My first preference was REI, even bought an ATM that netted 30% ROI There are many many more I suppose, each has one ... now what are your passive income strategies Shaun ... care to share? Shaun Rosenberg said

“I love passive income. The only this is that you have to work hard to get it in the beginning. But once you have it, it feels good.”

why is that Shaun, I mean why does it have to be hard

For example I read on MDJ you can start with almost zero, even on the credit card arbitrage thread, money for free. Then take that money and explode it into many things. Foster in his book claims that he did it, as did the Smith manouvre.

My first preference was REI, even bought an ATM that netted 30% ROI

There are many many more I suppose, each has one … now what are your passive income strategies Shaun … care to share?

]]> By: Shaun Rosenberg http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-31343 Shaun Rosenberg Tue, 15 Apr 2008 16:34:13 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-31343 I love passive income. The only this is that you have to work hard to get it in the beginning. But once you have it, it feels good. I love passive income. The only this is that you have to work hard to get it in the beginning. But once you have it, it feels good.

]]> By: Financial Goals 2007 Report Card | Million Dollar Journey http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-21398 Financial Goals 2007 Report Card | Million Dollar Journey Wed, 02 Jan 2008 07:31:12 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-21398 [...] income that doesn't come from my regular 9-5 employment.  I haven't written about our passive/alternative income since Sept, but it's now close to [...]

[...] income that doesn't come from my regular 9-5 employment.  I haven't written about our passive/alternative income since Sept, but it's now close to [...]

]]> By: FrugalTrader http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-20237 FrugalTrader Tue, 18 Dec 2007 19:06:45 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-20237 Jonesy, the interest income is from my high interest savings account, of which will be used as a down payment towards my new home. Agloco is a failed internet startup, don't bother with them. Jonesy, the interest income is from my high interest savings account, of which will be used as a down payment towards my new home.

Agloco is a failed internet startup, don’t bother with them.

]]> By: Jonesy http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-20215 Jonesy Tue, 18 Dec 2007 18:42:39 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-20215 Passive income is great, how come you don't built up the dividend income (non-registered) and dump the interest income? What is agloco? Passive income is great, how come you don’t built up the dividend income (non-registered) and dump the interest income?
What is agloco?

]]> By: InvestorBlogger http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-16550 InvestorBlogger Mon, 12 Nov 2007 15:13:15 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-16550 I wouldn't bother with Agloco... I don't think it will survive in the long term. While startups do have income issues, I can't see how it's going to leverage any advantage that it has... It's largely a waste of time/effort. Kenneth I wouldn’t bother with Agloco… I don’t think it will survive in the long term. While startups do have income issues, I can’t see how it’s going to leverage any advantage that it has… It’s largely a waste of time/effort.

Kenneth

]]> By: Jonathan http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12578 Jonathan Thu, 20 Sep 2007 02:19:14 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12578 Passive income is great. I trade for a profession, but wouldn't be able to weather the drawdowns without other streams of income. Good luck. Passive income is great. I trade for a profession, but wouldn’t be able to weather the drawdowns without other streams of income. Good luck.

]]> By: Xias http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12541 Xias Wed, 19 Sep 2007 20:05:26 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12541 Great job! I've also been unimpressed with Agloco's performance thus far (I even signed up through your site if memory serves). I made a killing with AllAdvantage...but that's probably why they went under. I'm suspending my use of the bar until they have at least some sort of payout. Great job!

I’ve also been unimpressed with Agloco’s performance thus far (I even signed up through your site if memory serves). I made a killing with AllAdvantage…but that’s probably why they went under. I’m suspending my use of the bar until they have at least some sort of payout.

]]> By: Gates VP http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12538 Gates VP Wed, 19 Sep 2007 19:19:46 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12538 Hey FT, I've been a little snipey on the boards from time-to-time, but I'm going to give you full credit for this one: <i>I believe that the day that you don't depend on your day job to pay the bills is the day that you are financially free.</i> That's about as succinctly as I've heard it put. $800 is a great start, that's like $5/hour, 160 hours/month that you're getting from other people. <b>Congrats</b> Hey FT, I’ve been a little snipey on the boards from time-to-time, but I’m going to give you full credit for this one:

I believe that the day that you don’t depend on your day job to pay the bills is the day that you are financially free.

That’s about as succinctly as I’ve heard it put. $800 is a great start, that’s like $5/hour, 160 hours/month that you’re getting from other people.

Congrats

]]> By: Warren http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12531 Warren Wed, 19 Sep 2007 17:58:33 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12531 While I'm a landlord and enjoy that extra income, I wouldn't call it passive unless you've got a management company running things. That being said, it sure beats 9-5! While I’m a landlord and enjoy that extra income, I wouldn’t call it passive unless you’ve got a management company running things.

That being said, it sure beats 9-5!

]]> By: the Wealthy Canadian http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12509 the Wealthy Canadian Wed, 19 Sep 2007 15:57:32 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12509 I signed up with Agloco; I never expected much, they failed the last time out so I'm not really confident that this time will be any different. I only signed up because I thought that it couldn't hurt. I'm not entirely impressed with the viewbar. It doesn't seem to help the browsing experience, thus I think people will see it as just another useless widget on their PCs. I signed up with Agloco; I never expected much, they failed the last time out so I’m not really confident that this time will be any different. I only signed up because I thought that it couldn’t hurt.

I’m not entirely impressed with the viewbar. It doesn’t seem to help the browsing experience, thus I think people will see it as just another useless widget on their PCs.

]]> By: DCsales http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12508 DCsales Wed, 19 Sep 2007 15:39:37 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12508 I'd love to know what internet business you have that brings in 400 a month and results in very "work". ;) I’d love to know what internet business you have that brings in 400 a month and results in very “work”. ;)

]]> By: FrugalTrader http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12495 FrugalTrader Wed, 19 Sep 2007 11:12:51 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12495 Hey FB! Side business income is basically online income. Nope, I don't consider it "passive" income, but I do consider it "alternative" income thus why I titled the post the way I did. :) However, I don't consider my online income as "work", which is another reason why I included it in this post. Hey FB! Side business income is basically online income. Nope, I don’t consider it “passive” income, but I do consider it “alternative” income thus why I titled the post the way I did. :) However, I don’t consider my online income as “work”, which is another reason why I included it in this post.

]]> By: The Financial Blogger http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm/comment-page-1#comment-12494 The Financial Blogger Wed, 19 Sep 2007 11:08:28 +0000 http://www.milliondollarjourney.com/passivealternative-income-update-sept-2007.htm#comment-12494 What is exactly your side business income? do you really consider it as a "passive income"? What is exactly your side business income? do you really consider it as a “passive income”?

]]>