I earned $160k in passive income from writing non-fiction books
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I earned $160k in passive income from writing non-fiction books
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Re: I earned $160k in passive income from writing non-fiction books
#2"Passive" has truly gone down the path of "literally".
Re: I earned $160k in passive income from writing non-fiction books
#3"Passive" has truly gone down the path of "literally".
passive in the sense that I wrote it once, and it continues to collect royalties for a long time after, without me having to do much :)
Re: I earned $160k in passive income from writing non-fiction books
#4Congratulations. Most people get stuck at the procrastination phase you mention. Just getting a book to published is a huge achievement let alone making significant revenue from it. This is not only good advice, but also an inspiring tale.
Re: I earned $160k in passive income from writing non-fiction books
#5Re: I earned $160k in passive income from writing non-fiction books
#6Earlier quoted context omitted.
passive in the sense that I wrote it once, and it continues to collect royalties for a long time after, without me having to do much :)
Seems like a fair definition of passive income. Not sure why the commenter feels it's not.
Feels weird to call the entire profession of being an author passive income.
Or put another way, If I give you two options:
(1) Work 100 hours and I pay you $10,000 lump sum.
(2) Work 100 hours and I pay you $100 a year (inflation adjusted) over 100 years
Is one of those passive income while the other isn't?
Re: I earned $160k in passive income from writing non-fiction books
#7Congratulations. Most people get stuck at the procrastination phase you mention. Just getting a book to published is a huge achievement let alone making significant revenue from it. This is not only good advice, but also an inspiring tale.
Thank you so much Chris!
Re: I earned $160k in passive income from writing non-fiction books
#8Earlier quoted context omitted.
Seems like a fair definition of passive income. Not sure why the commenter feels it's not.
Feels weird to call the entire profession of being an author passive income. Or put another way, If I give you two options: (1) Work 100 hours and I pay you $10,000 lump sum. (2) Work 100 hours and I pay you $100 a year (inflation adjusted) over 100 years Is one of those passive income while the other isn't?
I write on the side though (i have a full-time job). Just a hobby :)
Re: I earned $160k in passive income from writing non-fiction books
#9Earlier quoted context omitted.
passive in the sense that I wrote it once, and it continues to collect royalties for a long time after, without me having to do much :)
Seems like a fair definition of passive income. Not sure why the commenter feels it's not.
There's nothing passive about writing 78 books. That's what, approx 2k per book?
If this were 20 years in the future since the books were written, sure.
This is more just a person writing a ton of books for relatively little money.
Please don't take it as any insult, I love the energy and drive. It's just not passive in any sense of the word.
Re: I earned $160k in passive income from writing non-fiction books
#10Earlier quoted context omitted.
Seems like a fair definition of passive income. Not sure why the commenter feels it's not.
Feels weird to call the entire profession of being an author passive income. Or put another way, If I give you two options: (1) Work 100 hours and I pay you $10,000 lump sum. (2) Work 100 hours and I pay you $100 a year (inflation adjusted) over 100 years Is one of those passive income while the other isn't?
Yes. Passive income can initially take work to build the income source. Most people consider rent to be passive income, yet people don't just magically own houses, they more often than not work to buy them.