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Nomad School

1.9k members • $97/month

Thailand Nightlife

192 members • Free

35 contributions to Nomad School
Is "passive income" just bullshit?
Everyone talks about digital products being "passive income." Courses. Ebooks. Templates. But let's be real... You still have to: - Market the thing - Handle customer support - Update the content - Deal with refunds - Keep promoting it That's not passive. That's just business. Sure, once you do the bulk of the work it becomes SEMI-passive. You're not trading hours for dollars anymore. But you can't just set it and forget it. Even investing requires watching your portfolio and making decisions. So is there anything that's TRULY passive? Like actually generates money while you sleep and never needs attention? Or is "passive income" just marketing BS? Tell me in the comments 👇 What's the closest thing to real passive income you've found?
Is "passive income" just bullshit?
1 like • Sep 9
@Nathan Von Fumetti Yeah!!! That's what I invest in now.
0 likes • Sep 9
I enlisted in the US military at 18. Worked my ass off. During the night, I went to school and, over time, earned an MBA. I received a housing allowance that I used to purchase property instead of renting it. Rented those places when I deployed. Then I came back and bought new properties, qualifying for loans because the rent incomes were paying my previous mortgages. I received big-time hostile fire pay that I used to pay down my mortgages. The best rank in the US military is Master Sergeant. Anything above that puts you behind a desk. I decided early on to become a Master Sergeant as soon as possible and remain in that role for my entire military career. I developed my own study system and became a Master Sergeant in eight years. The average is 15 years. I loved it!!! Due to my property investments, deployments with extra pay that helped pay down my mortgages, and my eventual switch to income-based mutual funds, I am a retired Master Sergeant with the retirement income of a Lieutenant Colonel. I have fantastic "passive income." Yet since my military days, I have started an online project. I spent 20 years on it. And it utterly failed. Now I am working on a new project. It will involve a close partnership with a particular company, a comprehensive website that I am working on now, and, eventually, cold calling.
1 like • Sep 9
I am writing in-depth articles about the Christian history of Turkey. I work with a Christian tour company in Turkey.
Why don't you have a digital product yet?
Serious question. If you're delivering services online... Could some of that be turned into a digital product? Like instead of doing the same thing over and over for different clients... What if you packaged it once and sold it multiple times? Course. Template. System. Checklist. Same knowledge. Just way more scalable. Is there something you do repeatedly that could be a digital product?
Why don't you have a digital product yet?
0 likes • Sep 9
I promote Christian tours of Turkey. There is so much out there on the internet about the numerous Christian sites of Turkey! I must be better than all of them. Thankfully I work with the number one Christian tour company in Turkey (even though I live in Chiang Mai Thailand!). At some point I will combine what I have already researched and know with some of their tour guides. Then create and sell a book.
Rome wasn't built in a day...
And neither is anything else worth having. I get overwhelmed sometimes. Even with this community. There's so much I want to do. Live meetups. New content. Better systems. Sometimes I look at the list and think "fuck, where do I even start?" But here's what I've learned... It's not about doing everything at once. It's about showing up. Every day. Chipping away. One small thing at a time. For months. For years. That's it. No shortcuts. No hacks. No "10X your results in 30 days" bullshit. Just consistency. Most people aren't willing to do that. They want the result without the process. But the process IS the result. The slow, boring, unsexy work of showing up every day. That's what builds everything that matters. Rome wasn't built in a day. Neither will your dreams be. What are you chipping away at right now?
Rome wasn't built in a day...
0 likes • Sep 9
Wow. That is perfect. I have come to the same conclusion. Sometimes it is just "get out of the goddamn bed." "Make coffee." "Turn on the computer and set up what you need to do." "Write one sentence." One sentence. Interestingly enough, once I write that one sentence, I find myself on a roll. And I end up with a day well spent.
0 likes • Sep 9
Wow it seems we all have the same basic problem. And the same basic solution.
What's collecting dust on your bookshelf?
I've got like 6 books sitting there staring at me. Bought them months ago with the best intentions. "I'm definitely going to read this one next!" ...Still haven't touched them. The Lean Startup. Atomic Habits (yeah, I know, everyone's read it but me). Some book about productivity that's probably ironic at this point. We all do this, right? Buy books. Stack them up. Feel productive for buying them. Then they just sit there judging us. What's that ONE book you really want to read but haven't gotten to yet? The one that's been on your "I'll read it next" list for months?
What's collecting dust on your bookshelf?
0 likes • Sep 9
A book about Zoom. I really need to learn Zoom. I forgot I had bought a book about it. Thanks Brett! Now I shall read it.
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Ken Grubb
3
11points to level up
@ken-grubb-5286
I'm working on a niche tourism project in Türkiye (Turkey) and Greece.

Active 89d ago
Joined May 24, 2023
Chiang Mai, Thailand
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