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I earned $160k in passive income from writing non-fiction books

greglim81.medium.com

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Re: I earned $160k in passive income from writing non-fiction books

#91

How are you publishing and printing these?

its in the article :)

Thanks - I realised I was scanning for a specific section on this without spotting that the whole thing was done entirely through Amazon

Re: I earned $160k in passive income from writing non-fiction books

#92

> I wake up daily excited to write. When work is a dread, or when something unhappy pops up, some writing will always bring in positive energy into me. I don’t dread writing. In fact, I can’t stop myself from writing! I fear we are built different.

I'm the same as author in regards to writing music. Unfortunately, it doesn't work with promotion and other stuff, so after 15 years of writing music I released almost nothing and gave close to no listeners.

You can't get successful only doing what you love. You'll still have to do a lot of things you hate.

Re: I earned $160k in passive income from writing non-fiction books

#95
post #16

Earlier quoted context omitted.

Passive income was never defined as "no work, receive income". It was, "work once, passive income later without extra work". As in, your full time employer will stop paying you if you stop working. Your books that you wrote some time ago will generate income in perpetuity without any extra work. You still need to put in the upfront work of creating something. It just so happens that something can generate income for…

Passive is the opposite of active, I get the definition. Something you're no longer really actively working on that keeps making money. I'm jealous, I'd love to have such an idea. But this seems different -so far-. This is more akin to building 80 money printing machines that each print a certain amount of money. They may work forever, or die in 6 months, or not work at all. I guess my entire point is that this is a…

> This is more akin to building 80 money printing machines that each print a certain amount of money.

We should cut out the middle man -- and the middle step -- and just print money. We can start 100 digital currency initiatives and play the lottery, one of them is bound to take off...

Re: I earned $160k in passive income from writing non-fiction books

#97

Earlier 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 :)

NOT for a long time after, because you're writing about frameworks that may be out of date in 12 months!

many of my books have been there for years.

Re: I earned $160k in passive income from writing non-fiction books

#98
post #87

Earlier quoted context omitted.

Why? It seems writing this is the only which complex thoughts can be formulated and be passed down through the generations.

“[…] of making many books there is no end; and much study is a weariness of the flesh. ” — Ecclesiastes 12:12

"The end of the matter; all has been heard. Fear God and keep his commandments, for this is the whole duty of man. For God will bring every deed into judgment, with every secret thing, whether good or evil."

Eccl 12:13-14

Re: I earned $160k in passive income from writing non-fiction books

#99

This sounds like one of those "earn thousands selling custom t-shirts" tutorials: - the market is over saturated - you have to work continuously to output something - you are very lucky if you have a breakthrough

I did put in work.

I am lucky.

Re: I earned $160k in passive income from writing non-fiction books

#100
post #90

How is that passive?

Put in work once, get paid over a long span of time in a way that is not proportional to the effort you put in at the start. Like any other passive income.

Except he's working every day over 6 years. That doesn't sound very passive
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