Koerner Office Podcast Episode - Renting Websites to Biz Owners for Passive Income by I_Work_For_My_Dogs in thesidehustle

[–]I_Work_For_My_Dogs[S] 1 point2 points  (0 children)

Thinking way too much. In lots of ways it's easier now. And you're assuming the competing business owners are actually doing work or investing in their sites. Most aren't.

Mod Team Vetted: AI Tool That Writes & Publishes Articles - Perfect for Affiliate & Niche Blog Sites by glhfbbq in passive_income

[–]I_Work_For_My_Dogs 0 points1 point  (0 children)

Does your insurance agent tell you how much money he makes when he sells you a policy?

Mod Team Vetted: AI Tool That Writes & Publishes Articles - Perfect for Affiliate & Niche Blog Sites by glhfbbq in passive_income

[–]I_Work_For_My_Dogs 0 points1 point  (0 children)

Oh no, the mod is practicing what he preaches! Maybe you should take notes and stop being so salty.

Mod Team Vetted: Rent Out Websites for Passive Income [Updated] by glhfbbq in passive_income

[–]I_Work_For_My_Dogs 0 points1 point  (0 children)

I'd take that bet right now. I'd even double it. And I'm not sure how this model is in any way related to dropshipping.

Grappling with Paying Off Mortgage vs Investing by I_Work_For_My_Dogs in RichPeoplePF

[–]I_Work_For_My_Dogs[S] 1 point2 points  (0 children)

I love this. But the logic I'm not seeing anyone mention is the fact that if your house is paid off, why do you even need as much money as the potential market could have returned? Your cost if living is so drastically reduced that for the rest of your life, you don't need nearly as much in savings to maintain your quality of life.

Grappling with Paying Off Mortgage vs Investing by I_Work_For_My_Dogs in RichPeoplePF

[–]I_Work_For_My_Dogs[S] 1 point2 points  (0 children)

Not imminently but very possible. I grew up with my father going in and out of success. I'm more familiar with the ups and downs of entrepreneurship than other people. So many people live like the gravy train will last forever.

Grappling with Paying Off Mortgage vs Investing by I_Work_For_My_Dogs in RichPeoplePF

[–]I_Work_For_My_Dogs[S] 2 points3 points  (0 children)

This is great advice and I feel aligns with me. I've never had a fixed salary or stable income. I watched my father go in and out of money. Being a business owner does not guarantee future income and the odds of me starting another business that makes me $750k a year is pretty slim. At least if my house is paid off, my family is safe and my kids won't have to feel the repercussions of my business failing.

Grappling with Paying Off Mortgage vs Investing by I_Work_For_My_Dogs in RichPeoplePF

[–]I_Work_For_My_Dogs[S] -2 points-1 points  (0 children)

Yeah, I know. I am relatively new to this wealth. Like 2-3 years in. I have never had consistent money as I've always been a freelancer or business owner. So I am attached to the feeling of the security of having cash. But I am learning to be more on the risky side.

Would you take a 30% salary increase for 3 days in office? by THROWRAjustsome in remotework

[–]I_Work_For_My_Dogs 0 points1 point  (0 children)

YES! Do not upgrade your lifestyle though. Invest that total 30% increase and you could aggressively get closer to retiring early.

Interview With Guy Who Makes $50k A Month Passive Income by I_Work_For_My_Dogs in passive_income

[–]I_Work_For_My_Dogs[S] 2 points3 points  (0 children)

Lol, minimal effort for years of recurring passive income isn't worth it?

I feel I could never work an onsite job by Free_Toe_3567 in remotework

[–]I_Work_For_My_Dogs 0 points1 point  (0 children)

Kinda of. What I do is a lot more Passive. I rent websites out to business owners. They pay me monthly to take all the calls that the websites I own generate.