Pass'ive In'come - is it really possible?-- by David Wood
I recently had an IM chat with our resident relationship coach Jon Webster. We thought you might pull some helpful insights from our talk.
Jon: I really wanted to go on Wednesday, but I still have this job thing.
David: Job? Is that a fruit? A dance move?
Jon: In the industrial age, capital was employed by building large factories filled with machines for the production of products. These ancient machines were operated by human beings, rather than computers, and the humans were scheduled in rigid time slots to operate the machines.
The humans participated in these ventures in exchange for "mon'ey" a representation of value for the purposes of abstract exchange. This was known as "working" at a "job".
David: Was this legal?
Jon: There was a full system of laws to prevent abuse, which of course indicates that abuse was inherent in the system.
David: It doesn't sound very nice. Why doesn't everyone just set up pass'ive in'come and travel?
Jon: What is pass'ive in'come?
David: Pass'ive in'come is mon'ey paid to you while you are not doing anything to earn it. You set up a system to provide value to people while you are asleep or on vacation. They pay mon'ey into your bank account automatically.
***
How about you? Do you only make money when you work? Do you find work eating up more and more of your time? Then it may be time to create some passive income - invest, create products, even become an affiliate.
Last week I was at the ICF conference in California, visiting Harbin Hot Springs and taking a seminar on creating more pleasure, all while bringing in pass'ive in'come from things I have already created to serve people. So yes - it's possible!
***
David: I think this discourse would be a great newsletter or blog posting - OK by you?
Jon: I'm already copying it to my blog
David: I've emailed my assistant to expand it into a newsletter.
Hey Jon - this is a great example of creating value for people from your everyday living, thoughts, examples, interactions. Recording teleclasses, dialing a number and recording a thought, copying an email to a friend – it’s all IP – all potential product. Maybe one day we'll just think and mon'ey will come in?
***
If you want to learn more about making your own pass'ive in'come, come visit to take our new, updated, fr'ee ecourse:
How to Get 95% of Your Clients from the Internet 'Taster' ecourse
David Wood is a Professional Life Coach, and author of the powerful Free Download: '50 Life Coaching Questions to Take Control of Your Life and Help Your Clients' (http://www.solutionbox.com/freedownload.htm). He helps coaches, consultants, speakers and trainers to build their businesses via his popular ebook: "10 Super Coaches Share Their Secrets" (http://www.10supercoaches.com/) and his audio ebook: "Getting Your First 50 Clients" (http://www.firstfiftyclients.com/).
"David Wood is a personal and business coach, and an original founder of the International Coach Academy - a global coach training school"
Copyright 2001-2005 Life Coaching Resource.com (http://www.life-coaching-resource.com/)
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