When you say $250k-300k in annual passive income.makes life really really good, are you referring to gross income or after tax income. In fact, some clarity around before or after tax income levels would be helpful for all the dollar figures in this post. The new tax structure significantly affects people in the Blockbuster FI cayegory, mostly on adverse ways, so.i am curious about of the targets change based on before or after tax income, especially of one does not have a small business owner properties to use for tax write offs. Thanks

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Haha, that is too funny. I wanted to make an app back in the day called “MyShares” (You can probably tell how I cam up with the name at the time). The idea was that I would loan out books and DVD’s and then would never get them back. Then I thought, how cool would it be if I could rent those items out and that would motivate people to bring them back. Obviously, books and DVD’s are cheap, so this isn’t the money maker. The idea that would probably make the most money would be things like tools, ATVs, etc.
Currently I’m in your blockbuster range and I still work full time. In silicon valley these days these three ranges inflate on the high end– maybe something like seven, eight, and nine figures (blockchain FI?). I used the leverage from my financial situation to present my employer with an ultimatum about working conditions (i.e. I control my location, schedule, and work content), and they seem happy to accommodate. No idea how long this job nirvana lasts but it’s been a sweet ride so far.
If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

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Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.

I personally have been working and investing through a couple of recessions – the tech boom and bust, and the recent Great Recession. Most people got nervous, went to cash, stopped contributing, etc., during these periods. The past investing decade has been really smooth. I’m not sure how everyone who achieved financial freedom will feel when we get back to more normal volatility.

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Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, so dividends and interest would therefore be considered passive.
Grant Sabatier, called "The Millennial Millionaire" by CNBC, is the Founder of MillennialMoney.com, which has reached over 10 million readers. He writes about personal finance, investing, entrepreneurship, and mindfulness and hosts the Financial Freedom podcast. Sabatier graduated from the University of Chicago and has been featured in the New York Times, Washington Post, NPR, Money Magazine,and many others. When not traveling in his VW Camper, he lives in New York City.

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The organizing principle behind this grouping, appropriate economic units, is relatively simple: if the activities are located in the same geographic area; if the activities have similarities in the types of business; or if the activities are somehow interdependent, for instance, if they have the same customers, employees or use a single set of books for accounting.
Then once you’ve got your domain name and hosting sorted out, it’s time to pick a CMS, or Content Management System, that will let you update pages, build your blog and integrate with all the other services you need. It’s hard to go wrong with WordPress—the CMS powering close to a quarter of the internet. Keep in mind that eventually as you start growing traffic to your blog, you'll be wise to invest in a managed WordPress hosting plan from a company with great service like Kinsta, where all of the settings are custom-tailored and optimized to work particularly well with WordPress-powered websites.
When was the last time you went to a new restaurant without looking it up online beforehand? Or bought a product that didn’t have at least a few 5-star reviews? It seems like more and more our world is run on reviews. And you can make money online by writing them. Get started by creating accounts on sites like Vindale research, Software Judge, FameBit, CrowdTap, Influence Central, and Modern Mom. However, before you run off and start writing, be sure to check the small print on each of these sites. Writing reviews isn’t a huge source of guaranteed income and you want to make sure that it’s worth your time before you get going. 

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When I purchase an existing online business, I look for cash flow over the past year and where the money comes from. I want the sources to be more passive so that it does not take a lot of my time. Also, typically I will make an offer that is 18 – 24 months of profit so that I know that I will get my money back within the next two years. I hope that helps!
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