Blogs in Plain English
This You Tube video “Blogs in Plain English” was produced in November of 2007, right at two years ago. Just think where you might be if you had started blogging then. How much farther ahead of the game you would be. I started my blog the end of July this year, 2009. A small group of us have joined forces to learn the “best practices” that will make us some money. In just barely over three months I can honestly say I am quite pleased with what I am making in a short period of time. Can I live passively off my blogging income? Not yet, but give me a year and let’s see what’s happening.
My goal is to have a full passive income from three areas. Stocks, Real Estate, and Internet.
The text in blue below is from Wikipedia and explains passive income. I currently have things in place in all three of the areas listed above that are on autopilot that bring in a monthly income. My financial goal is to increase that income and for it to be completely passive, but for that to happen my involvement right now must be intense.
The goal with our blogs of course is to make money, but we also need to be helping someone along the way or our blogs will not work on any level. So this is a win/win situation. We give people something of value and we make money….. Just like McDonalds.
This site is dedicated to helping people learn something of value in creating passive income from the three areas listed above. That is the something of value I want to give. The group that is focusing on blogging is so exciting and we are making such great progress. In the video above in 2007 the number of blogs was around 70 million. Today there are over 200 million. The most noble goal is to be #1. Well according to Alexa.com, Google is currently #1, Facebook is #2, You Tube is # 4 and Twitter is # 15….you get the point. What is so exciting to me is that several in our group have already crossed the 2 million mark and our poster child Sandy Reynolds is #706,051. She is in the top 1/2 of 1% of all the blogs in the world. Quite the accomplishment.
Passive income is a rent received on a regular basis, with little effort required to maintain it.
The American Internal Revenue Service categorizes income into three broad types, active (earned) income, passive income, and portfolio income. It defines passive income as income from “trade or business activities in which you do not materially participate.”[1] Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable.
Some examples of passive income are:
- Earnings from a business that does not require direct involvement from the owner or merchant;
- Rental from property;
- Royalties from publishing a book or from licensing a patent or other form of intellectual property;
- Earnings from internet advertisements on websites;[citation needed]
- Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits;[citation needed]
- Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income;
- Pensions.[dubious – discuss]
