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Passive Income Will Take Time and Effort


I recently got my hands on Mark Riddix’s e-book, “How to Make $2,000 A Month Online” and was blown away (plus, there’s a money-back guarantee; available on the left of this page)! This book gave me so many resources to make money online, plus it provided a realistic roadmap for developing a passive income. Also, Mark made me realize that passive income doesn’t happen overnight, no matter who you are or what you’re doing. Sometimes hourly income is necessary in order to gain that residual income in the future.

I wrote an article last week regarding the 3 common ways to receive passive income, and after reading Mark’s book, it was obvious that any form of passive income will first come with hard work, sometimes for zero or very little money.

The first form of passive income was with dividends. This often takes a lifetime of investments to acquire enough money in dividends to live off from. What is gained (presently) while you continually put money into your 401(k) or 403(b)? Really, not much. You may receive your dividends, but you’ll most likely roll them back into your investments. Now, don’t get me wrong, it is greatly beneficial and is in your best interest to invest in these funds. My wife and I both contribute to our company investment programs. But, we know we are doing it for our future, not the present.

The second form of passive income was real estate investments; mainly, to rent out property to individuals that need housing. It takes quite a long time to save up for a home purchase (by working at your job most likely), and if you decide to take a loan from the bank, your cash flow might be pretty slim. Once the bank loan is paid for, then the income is significant, but again, this takes time.

The final form of passive income is starting your own business (keep in mind that not all businesses result in passive income though; many have quite the opposite results). There are many different avenues that can produce the income, but think about the time and effort that’s needed in order to achieve the desired results. In my case, I have started a website and plan to monetize it as soon as I am able. So far, I have been putting at least an hour a day into this venture and it has produced very little income. However, as Mark points out in his book, there are many other avenues that can be taken to produce immediate income on the way to creating a passive income; and, they’ll even help you get to your passive income goals more quickly! I could tell you the pages of resources that are offered in his book, but honestly, it’s better if you read it for yourself. That extra $2,000 a month might be worth the investment.

Passive income takes persistence and patience! That’s why so few people reap the results. If you begin down this road, it’s probably best if you map out a plan for the first year or two. This way, when you do not see much income in the first 2 or 3 months, you will not be discouraged, because this result is most likely according to your realistic plan that you have already committed to paper! It might take you at least 6 months before you start making $100 a month in passive income.

Have you ever been discouraged in your attempts for passive income? What was it that discouraged you? How did you get through it?

Money Passive Income


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. My passive income is paltry right now, but I know it will increase if I keep working at it.
    I use my rental home as an example. We got the place in 2000 and lived there for 7 years. Now it is rented out and has positive cash flow. This give me the confidence to acquire more properties because I know if I keep at it, there will be positive cash flow later. I also have a friend that invest in real estate and we talk and encourage each other.

    • Great job with the rental place! That’s about the same plan I have as well. We’re looking at buying a foreclosure right now, could pay off the mortgage in 3 years, and then we’ll move on to another place while renting out the old one.

  2. Great article. Sometimes people need to be reminded that (for most of us) there is no shortcut to financial independence. It is a lot of hard work and some luck as well. I think things will be falling into place for you more as time goes on though, because you are a really talented writer and blog about an interesting subject. The idea of earning money even when your not directly doing something is, of course, one of the most appealing thoughts out there. Of course, as you note here, it takes a lot of work to get to that point.

    • Thanks for the compliments! Getting out of debt was indeed a passion of mine, but now that we’re almost free from that bondage, passive income has been my new inspiration! It would just be nice to have options in life and not depend on that weekly paycheck, you know?

  3. Dividends? Check.

    Passive Income from Blog? Er.. half check. The blog takes a lot of time and effort… Payoff not there

    Passive Income from job as a Freelancer? No. But it’s my bread and butter 🙂 I also like that I don’t have to work so much to pay for my expenses for a year. Just 1-3 months, and I’m set..

    • I’m right there with you FabulouslyBroke! My website is definitely not passive income yet, but it has the potential to turn into that in the future!

  4. Great article. How not to get discouraged is to not focus on the money aspect of it. Make sure you are passionate about it and would even do it for free. Focus on everything around it and if you are working hard and smart, the money will take care of itself. 🙂

    • Good advice Buck. I agree that one should have a passion for what they do. If there’s no passion, there’s no way you’re going to survive! That’s the case with pretty much everything in the world today. And, if you do survive, you’ll be miserable, no matter how much money you make.

  5. Starting some side businesses can be looked upon as an attempt to grow your hobby which may not be profitable at first…but if you keep putting your passion out there people WILL notice. I am not sure any business is going to be passive, some may have lower time requirements, but NO time requirements?

    I can’t decide if I will ever be a landlord – watching my father go NUTS for rent, and fighting with The City (NYC)of evictions….just not sure its worth the stress.

    • Most passive incomes still need a little maintinence from time to time. As for the regular brick and mortar businesses, I think that many of them can be made into passive incomes – they just need a perfected system!

  6. Great reminder! Passive income is important, but getting there is more important and knowing it’s a hard and long road is the only way to p the motivation going. The good part of us bloggers (or at least of many of us) is that our motivation isn’t the money… it’s actually a passion that eventually gets monetized and could bring some extra cash… but as “Buck Inspire” mentions, you need to make sure you’re passionate about what you are doing.

    • Exactly! If I wasn’t passionate about personal finance, I think my excitement would have dried up a few months ago. I still love it though!!! 🙂

  7. I am so inspired by your blog and your honesty about everything you write. I would love to do this as I like to write and have ample time. I am looking for something like this to do but have no idea how to go about it. I have gotten some tips from your writing. How do I find other blogs to look at?

    • Hi Ruby. It sounds like you’d like to start a website of your own? Send me an email at [email protected][dot]com and I’ll help you with anything you need! I love helping newbies get started! 🙂

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