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

greglim81.medium.com

191–200 of 229 posts

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

#191
post #186

The thing that always bothers me about these articles, and I completely accept it may just me reading into it what I want to see, is I immediately assume the dollar figure is annual. $160k/yr sounds like great passive income. You could certainly stop working a 9-5 and build out a really great lifestyle business. But then I look at the article. Oh, it's over six years ? Okay, $26k/yr is a lot less and all of a sudden…

[deleted]

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

#192
post #186

The thing that always bothers me about these articles, and I completely accept it may just me reading into it what I want to see, is I immediately assume the dollar figure is annual. $160k/yr sounds like great passive income. You could certainly stop working a 9-5 and build out a really great lifestyle business. But then I look at the article. Oh, it's over six years ? Okay, $26k/yr is a lot less and all of a sudden…

To summarize a bit further, the income is not passive at all.

Yeah, show the numbers for each book made after the first year of release. I'd consider that more passive.

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

#193

Earlier quoted context omitted.

>> You aren't built different. > Yes they are built different: one person has no struggles writing and actively loves it, cannot stop doing it; the other finds it effortful and painful. GP probably worded it poorly; yes, we're all built different, but all the successful authors who spoke about their experience all expressed similar struggles. Terry Pratchett said once (can't be bothered to look for the exact quote) t…

> all the successful authors who spoke about their experience all expressed similar struggles. Definitely not true. Some people really don’t have those sorts of struggles. It doesn’t mean that those who do need to push themselves shouldn’t write/paint/code/swim/whatever, or that the results of their effort are of any lesser quality, or that they’re not in highly esteemed company. It just means that people have differ…

> > all the successful authors who spoke about their experience all expressed similar struggles.

> Definitely not true.

You're saying that all the successful authors who spoke about their experience did not all express similar struggles?

You have a quote from a successful author, who said that they did not express similar struggles?

Because I am only making the claim about what successful authors said, not whether they were lying or not.

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

#194

Earlier quoted context omitted.

>> You aren't built different. > Yes they are built different: one person has no struggles writing and actively loves it, cannot stop doing it; the other finds it effortful and painful. GP probably worded it poorly; yes, we're all built different, but all the successful authors who spoke about their experience all expressed similar struggles. Terry Pratchett said once (can't be bothered to look for the exact quote) t…

As a spare-time writer of (self-published) German science fiction novels[1], I believe I have something to say about that. I don't believe that what you say is true in general. For me writing is effortless and a lot of fun, and I believe that it is effortless for most writers who are far more successful than me. Stephen King could have never written so much so persistently without thoroughly enjoying it. If you don't…

> Stephen King could have never written so much so persistently without thoroughly enjoying it.

And? I didn't claim that he claimed not to enjoy it, I claimed that he said it's a struggle to get into the groove.

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

#195
post #186

The thing that always bothers me about these articles, and I completely accept it may just me reading into it what I want to see, is I immediately assume the dollar figure is annual. $160k/yr sounds like great passive income. You could certainly stop working a 9-5 and build out a really great lifestyle business. But then I look at the article. Oh, it's over six years ? Okay, $26k/yr is a lot less and all of a sudden…

When it sounds too good to be true, it usually is.

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

#196
post #187

Earlier quoted context omitted.

The thing that is often missed with opportunity cost is whether more work feasible. Most of us are salaried. Most of us have contracts/policies that say working for another company has to be approved. Even if you find another job, will they actually pay that much and will the hours be flexible enough to rival writing? It's not really lost opportunity cost if the opportunity doesn't exist.

Do most employer policies really require explicit approval for moonlighting? I'm on job number seven, not counting a 4-5 year stint freelancing full time, and none of them required approval. A couple required notification but several didn't mention moonlighting at all beyond the typical "only do work stuff on work machines."

Depends on where you live. It's pretty common that companies don't want you working for competitors. How they implement that depends. Some have non-competes, while some states don't allow them. My company requires approval for compliance reasons (regulated industry).

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

#199

Earlier quoted context omitted.

To summarize a bit further, the income is not passive at all.

Yeah, show the numbers for each book made after the first year of release. I'd consider that more passive.

will document them in twitter

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

#200
post #164

Earlier quoted context omitted.

Which is what explains this poor attempt at advertising. The post and this thread are more about showcasing his books, less so about income. Passive or otherwise.

Interesting. I didn’t look up his books or even think about that. I did however start to think about a book I could write. Maybe this was an advertisement, but that’s certainly not all it was.

glad it inspired u to write your book!
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