Tag Archives: passive income

Quitter Profile: Pat Flynn

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pat-flynnThis is the third Quitter Profile we’ve posted; the first two were profiles of future Quitters. This is our first profile of someone who actually escaped his day job, started an online business, and is now living a true success story. Pat is a regular guy who suddenly found himself facing a difficult situation. What I love about his story is that this could be anyone’s story. With so many people loosing their jobs and facing tough times, I feel that Pat’s story can be an inspiration to us all…a story that shows us the possibilities, if only we’re willing to take a chance and be bold.

Every time I read this interview, I feel a little more empowered. That’s because this is a powerful story. Have you been thinking about starting an Internet-based business? Do you have the soul of an entrepreneur? Do you wish you could work from home and spend more time with your family without having to worry about paying the bills? Then read this interview! Pat was just like you. If he can do this, so can you!

Name: Pat Flynn
Your age: 26
Location: San Diego, CA
Main website: www.SmartPassiveIncome.com

Other site: www.GreenExamAcademy.com

Q: Did you have a “day job” before you became self-employed? If so, what did you do?

A: I did have a day job, and I actually enjoyed it very much. I was working in an Architectural Firm here in Southern California and everything was going well. I was on some really high-profile projects, traveling all around the U.S. and meeting some really important clients. I managed the organization of construction documents for various projects, and also did a little 2d and 3d designing as well. If you go down the Strip in Vegas and run into the Hilton Grand Vacations Club Timeshare Resort, you can see the exact project I was working on for a couple of years. It was exciting.

Q: When did you quit your day job and how did you know the time was right to quit?

A: I never quit my day job because I was actually forced out of it. As we all know, hard economic times were felt by all – myself and my day job included. In October of 2008, I was let go and was left to figure out exactly what I was going to do. I panicked for a good 2 days until I realized I had an opportunity to do some wonderful things online. I was doing some very minor things like blogging in my free time before I was laid off, but now…I had all the time in the world. I decided to take what I was doing online to a whole new level and start my own business.

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Continuity Products: What They Are and Why You Should Care

Have you heard the latest buzz? If you’re shakin’ your online money-maker, you’d be wise to plan for a continuity product. A continuity product is something that you sell once, and make money off of repeatedly. Sounds like a no-brainer, right? The most common examples these days are newsletters, subscription services, and the grand-daddy of ‘em all – the membership site.

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Yet Another Money Giveaway

I like money, how about you? Don’t get me wrong, though…I don’t worship money. Contrary to popular belief, I don’t think money makes the world go around. In fact, I’m pretty sure that Newtonian physics plays at least some role in the whole world-going-around thingy. Old-time comedian, W.C. Fields said: “A rich man is nothing but a poor man with money.” In other words, we’re all basically the same. We all want to be happy. But sometimes it’s hard to even recognize when we’re happy; we fail to enjoy the good times because they get squeezed in between worry, sadness, fear, depression, and an all-around poopy mood. That’s when you find some people turning to food, alcohol, drugs, promiscuous behavior, gambling, various obsessions, or even worshiping the Flying Spaghetti Monster for a short burst of mood-enhancement. But there are better ways to tap into that life-giving succor called happiness. For example, Tammy and I make it a point to buy stuff now and then so we can get our mood-enhancement fix. Buying stuff really tickles our fancies. And we like it when our fancies are tickled…er, whatever.

The point I’m trying to make is that we value our readers and to show it, we want to give back some appreciation. Short of reaching out of your computer screen and tickling your fancy (wearing latex gloves, of course- sicko!), we want to give one lucky reader of our blog the chance to feel happy for a couple minutes by giving you the chance, once again, to win some affiliate commission cash.  You can spend it on whatever you like…video rentals, books, Swedish massage, or even Barry Manilow’s Greatest Hits (sicko!). The question is, what do you have to do to get a little affiliate commission love? Great question! And here’s your great answer… Continue reading

Web Candy: Internet Business Mastery

webcandy-thumb.jpgA few years ago, I read a book called The 4-Hour Work Week by Tim Ferriss and it rocked my world. The book was so great that I went out and bought the audio book so I could listen to at work, in my car, while mowing the grass, etc. After consuming the book several times, I began looking for more inspiration similar to The 4-Hour Work Week. Since I’m a big fan of podcasts, I began looking for audio programs that would inform and inspire me like the Ferriss book did. That’s when I discovered Internet Business Mastery, the podcast and companion website.

Listening to the early episodes of the Internet Business Mastery podcast, I was initially excited about finding such a gem that was also very popular. It was clear that these guys, Jeremy Frandsen (a.k.a. Sterling) and Jason Van Orden (a.k.a. Jay), were also inspired by Tim Ferriss and his classic book. But after a few months of listening, my interest began to wane. A lot of their material seemed like it was a retelling of the Ferriss material and at the time,  I believed that Ferriss offered a better delivery. However, those were the early days for this duo. They were very likable guys and it was obvious that they were dedicated to providing the best content that they were capable of delivering. But eventually, my iPod play list moved into a different direction and I put the Internet Business Mastery guys on the back burner.

Fast forward to the present…

Though I wasn’t listening to their podcast regularly, I was still on their mailing list. I couldn’t bare to delete their emails, even if I wasn’t reading them, simply because it seemed like they were on to something good. So one day, not long ago, I skimmed an email and got sucked right back in. I was so intrigued by the content of the email, I decided to throw some recent episodes of their podcast onto my iPod…and I LOVED IT!! Continue reading

Quit Your Job and Become Self-Employed – How I Plan to Do It!

While there’s no method that’s a sure-fire way to quit your job and become self-employed, I know for a fact that doing nothing actually is a sure-fire way to fail. And though there are many ways to accomplish this goal, I’m going to share with you how I plan to do it.

My Goal

By the end of 2011, I want to transition from working 40 hours per week on someone else’s terms to working for myself on my own terms, and to be making the same or more than I am presently making at my day job.

My Steps

  1. Select the first two potential streams of income that I’m interested in developing
  2. Develop a plan for each
  3. Work each plan, step-by-step
  4. Analyze results
  5. Adjust plan as needed
  6. Add additional streams as needed Continue reading

The Plan: Quitting My Job and Creating Multiple Streams of Income

The stubborn folks at the Virginia Lottery are simply not cooperating with my plan to be the next multi-million-dollar lottery winner. So, I figure I’d better come up with a more attainable plan for bringing home the bacon if I want to be able to quit my job in the next couple of years. Here’s how that plan shakes down:

  • I want to develop multiple streams of income, because it’s just good logic.
  • I don’t want all of my income to be related to Internet-related earnings. I have a recurring nightmare that I turn on my computer and see nothing except a blue screen and the words “Cyberspace is full. The Internet is closed. Move On.” Ok, it’ll (probably) never happen, but I’d feel better if some money was coming in through some other avenue. I’m just saying…
  • I want some passive income. That’s right, and I’m not ashamed of it either. I want money pouring into my bank account that I’m not even aware of. I want to be making money while I sleep, while I eat, while I’m avoiding my exercise routine, and while I’m breathing. I’m usually engaged in at least one of those activities at any given moment. It’s not that I’m lazy. Well, I’m a little lazy. But if I have to put a lot of effort into every stream of income, then I’ll end up working more than 40 hours a week, and that would kind of defeat the purpose of this whole thing, wouldn’t it? And by the way, “lazy” is such an ugly word, don’t you think? With all the political correctness crap these days why can’t we come up with a more non-judgmental term…say, “activity-challenged” for example? I’m sure all my couch-oriented friends will agree with me on this point. Moving on… Continue reading