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I Need To Stop Thinking Like an Overworked Broke Loser


Do you know how I spend most of my time? Working. I might be working on projects for my day job as a financial analyst, on articles for my blog, or on homework for my MBA classes, but no matter what it is, I barely have any time for myself anymore! Can you relate to this? Perhaps you have a full-time job that’s incredibly demanding, or maybe you just volunteer too much so you always find yourself flying around town trying to beat the clock! Or, better yet, maybe you’re trying to get ahead in life and have started a side business but it’s completely taking over your life! Whatever the case may be, we all need to stop thinking like idiots and develop a plan to work less and make more.

I Write a Butt-Load of Articles

When I discovered back in February that I wouldn’t have enough money to pay all of my debts (from my divorce…long story) by May, I had to find a way to make some more money, and fast. Since I am a fairly good writer and I can complete a simple personal finance article in about 15 minutes, I decided that I would offer my writing services to other bloggers for just $10 an article. I figured that I would attract a ton of interest and if I could stick to my 15 minute window per article, then I would be making $40 an hour. Not too shabby, right? Well, that’s what I thought initially…

This article writing idea got me through those rough times and I technically don’t have to write another one of these articles if I don’t want to. However, the per hour rate is a good one. But, there I go thinking like a broke loser again…

I Need to Think Like the New Rich

You may have guessed it already, but I have been reading Tim Ferriss’s book, the 4-Hour Workweek and it’s completely messing with my mind. Back when I started my website almost 3 years ago, I had the idea that I would build up the readership and then morph it into a passive income. Along the way though, I fell in love with an hourly income rather than a long-term passive income, which prompted me to start multiple websites and write nearly 50 articles a month. This is most definitely not passive income and I am working myself into the grave…

The New Rich don’t think in terms of early retirement or being their own boss. Rather, they think about enjoying life now with passive income and being the owner, not the boss (big difference by the way).

How Can You Make Money Without Working?

Passive income is quite remarkable, especially if you really sit down to think about it. You could completely transform your life in the next 6 months or less. At that point, you could wake up, open up your checking account and confirm that once again, money has been deposited into your account, all without having to get dressed or head into work.

Earlier in this post, I made mention of being the owner and not the boss. Poor thinkers always want to be the boss and call the shots. Do you know what this leads to? Longer hours and more responsibilities, and it typically comes with only a slightly higher paycheck. But, if you’re the owner, your goal should be to have your company run smoothly whether you’re there or not (preferably when you’re not). In order to truly increase my earnings, I need to be an owner of my entrepreneurial ventures, not the boss.

Are you the owner or the boss? Are you overworked, or are you creating a passive income?

Make Money Money


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. I am reading the 4 hour work week as well. It totally messes with your mind. Very nice therapeutic post Derek.

    • It sure does! And it’s tough to put it down too!

  2. Great insight, Derek. Getting paid per task is a mentally taxing job, in my experience.

    • It truly is. It always seems great in the beginning, but it can get old quite quickly.

  3. I’ll have to check this book out. Sounds like it’s right up my alley! I need my mind messed with. 😉

    • It’s addicting, so be careful! 😉

  4. I am looking at being the boss. 🙂 I’ll be changing much of my work over time but will still be working full time for a long time to come.

    • Did you mean boss? Or did you mean owner. If you’re looking to control every aspect of your business personally, you are going to get wiped out and earn next to nothing.

  5. I have been thinking about this lately. I’m thinking of ways to create passive income. I have a couple of ideas that I will planning and hopefully, rolling out in the next couple of months.

    • Nice! I have some ideas of my own, but like many passive income ideas, they take a while to develop before they start making any money. Makes it tough to commit and finish the project because there might not be any money in the end!

  6. Interesting perspective. I am working on being the owner with some of my ventures. Going to take a while though.

    • Good for you Greg! We’ll definitely have to keep in touch with our ventures.

  7. Totally agree with you Derek, I suffer from the same problem. I’m always in search of that passive income stream on the other side of the rainbow but that’s when I typically realize I need to slow down and take a break. I think at some point I plan to hire a few writers to handle the majority of my content so I don’t have to site up at midnight.

  8. I have read The 4-Hour Workweek as well and agree that it does a great job of making you feel like a chump, in a way. I am focusing on “semi-passive” income streams right now and over the next five-seven years which, should the plan work out, should afford me retirement. Semi-passive income = some maintenance, but not much, like being a landlord.

    Inspiring post.

    • Sounds like a perfect plan snarkfinance! Within the next 6 years or so, I myself plan to have a large variety of semi-passive income sources. We should definitely keep in touch.

  9. I’ve been trying to set up some more passive income sources, although I haven’t yet found anything truly hands off. Building up a decent semi passive revenue stream within a year is definitely high on my priority list as I certainly do not want to spend anymore time working then I already do. There’s not enough time in the day as is to be a boss when I should be the owner lol.

  10. Developing passive income sources is exactly what I’m working on right now. You are right – with a business you can loose track of how much you really work and whether that work is actually making you more wealthy or just providing a pay check.

    • For a while, the hard work served a purpose (I needed money quickly), but now that I don’t have that same purpose, the work just seems ridiculous because I have to trade time for money without any sort of residual payment.

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