Not going to lie. Making passive income with affiliate marketing can take a long time. It can even take years to make a substantial amount.
But every industry is different and when done right, affiliate marketing can be a great source of passive income. It can be a fun way to supplement your blog and business too.
Passive income is earned money that requires little to no effort to maintain. Since becoming a corporate dropout, I've been living off my passive income streams.
It was scary to leave behind a steady paycheck and company benefits. Yet, having passive income allowed me to ride out the 2020 economic downturn.
Watch the video to learn how I got started:
A Corporate Dropout's Guide to Passive Income:
For many years, I tried different passive income ideas and strategies. I made a ton of mistakes and learned a lot of hard lessons along the way.
After countless trial and errors, I slowly but surely built multiple income streams. Eventually, I reached financial independence retire early (FIRE) with passive income.
10 Passive Income Ideas to Build Wealth
3 Ways to Earn $1000/month in Passive Income
I was finally able to leave a career that was no longer a good fit by creating multiple income streams from investments and side hustles.
That's right, I currently live off passive income and have been doing so for the past few years.
Ready to create passive income too?
Over the years, I experimented with creating digital products, affiliate marketing, renting out space to index fund investing.
Eventually, I got to get a feel of what I enjoyed doing and let go of the activities that were not as enjoyable.
There are so many ways to create passive income streams. It doesn't mean you have to try every passive income idea out there.
There's no one size fits all passive income strategy.
It can feel overwhelming with all the different passive income strategies these days. Start with one passive income strategy and see which works best for you.
Find out which passive income idea best suits your personality.
In a deep business funk? Can't seem to figure out your next move? If you are spinning your wheels, let's put an end to it.
Whether you are an entrepreneur or personal development junkie, I got you covered.
Because heck, I pretty much go through an existential crisis every year. So why not share the lessons learned?!
I quit my corporate job three times without a Plan B.
When I quit Corporate America for good, I also sold my condo and moved across the country.
It was my third time quitting a career without a Plan B. I gave everything away and left all my furniture.
It was time to start a new chapter. So I picked Southern California as my new home.
Just like that.
Things worked out each time I quit but it was definitely scary times. That's why I wrote out all my personal and professional lessons learned along the way.
Most importantly, I learned to get my finances in order to be able to resign from the 9-5 lifestyle for good.
Corporate Dropout to Business Owner
When it comes to being a corporate dropout, there’s one thing I know for sure. It’s not as easy or glamorous as it seems on the surface.
Whether it’s dropping out of Corporate or college, there’s a lot of unknowns involved. They say fear of missing out (FOMO) is a real thing. Well fear of the unknown is also no joke.
While I don't recommend resigning without a plan, sometimes you know when enough is enough.
Creating passive income helped me leave the 9-5 lifestyle once and for all. It wasn't easy leaving a steady paycheck and company benefits behind.
Those golden handcuffs are no joke!
Having passive income allowed me to leap with more peace of mind. To help others create passive income streams, I put together this Passive Income Quiz.
Which passive income idea best suits your personality?