I've been building businesses since 2008 and have generated over $5M in earnings. In this post, I’ll distill what I’ve learned into three passive income business models you can choose from.
Making sure that you have more money coming in than going out is important, but it is maximizing every dollar that comes in that will set you up for success not only right now, but to build for your f [...]
These days so many employers are allowing staff to work from home. It does make some who’s job function does not allow it to be jealous either around the office, or among friends and family who wo [...]
Growing up, even hearing the word credit card immediately brought a negative connotation when it came to making purchases. Not that it was a bad thing, but even in recent years, using cash, real act [...]
No matter your income level, it is always good to plan for the future to ensure that you will be financially stable to enjoy life to the fullest in your later years. While we will be lucky if there [...]
Now this isn’t meant to get your hopes up that you will wake up in 2018 and automatically be rich, as it takes years upon years to get to that point, but the longer you put it off, the longer you wi [...]
If you take a look at your successful family and friends, what led them to that path? Surely you can ask what advice they have to offer. The household finances, especially if you share with a sign [...]
In these modern times, it is very common for aspects of our lives to be polluted by synthetic chemicals. This is the case for our food, furniture and clothing. Many people would prefer to live as natu [...]
Handling the household finances are tough, so much in fact that it’s no wonder why most do not hold down a successful budget and are in credit card debt. Now, you don’t have to run a budget to b [...]
If you look into different ways to earn passive income for any amount of time, then you’ll probably notice that people will also often refer to it as “residual income”.
Though the two a [...]
My co-host of the first Land Geek podcast, Jeran Fraser started with only $800 and turned it into a multi-million dollar business. (Do you remember that podcast? If not, you can listen to the archive [...]
Jussi Askola writes in Seeking Alpha, “Rental properties are very popular among income investors and retirees. How do I know? All my rental-related articles receive a lot of comments and attention. [...]
Author and serial entrepreneur Mike Michalowicz joins us today to talk about the basis behind his newest book, Clockwork.
You might have heard us mention Mike’s previous book, Profit First, once& [...]
Finding the right savings account can get you an extra $200 for free this year.
Depending on your balance, it could make you a lot more money.
Let’s say you have $10,000 to put into an online sa [...]
Are you cursed with Solo Economic Dependency? That is, if you aren’t working, you aren’t making any money — trading you time for money. Traditional real estate has been a phenomenal strategy to [...]
Business consultant Josh Patrick has done it all when it comes to business. And today, he joins us to share his expertise along with some of the biggest lessons he learned for running a great busines [...]
Ten years ago, I published my book, “I Will Teach You to Be Rich.”
Do you remember what also happened 10 years ago?
In March 2009, we were in the depths of a once-in-a-lifetime financial c [...]
Looking for tips to increase income and not work more hours? If so, you’re not alone.
According to CNN, millions of people are constantly looking for ways to increase their income.
The good news i [...]
Finding Focus—So often in this business we see people who get hung up and hyper-focus on the little details that aren’t doing anything to help their businesses grow. How do you reset that mentalit [...]
This is my official Quarterly Net Worth Update for April 1st, 2019. Below are my actual numbers for ALL my investments and liabilities as of 03/31/2019. Detailed explanations and a quick summar [...]
When you’re running a business, your work
never ends: one of the things you have to accept is that a business isn’t a
single project that concludes successfully after you put in lots of work. It [...]
Below are seven income producing assets that you can invest in to start earning you passive income.
I’ve split the list up into two ways: Safe and risky. The former are assets I consider to be more [...]
How to get scholarships in 3 easy steps
Step 1: Adopt a robust “scholarship application mindset”
Step 2: Learn to find the scholarships that will pay THOUSANDS
Step 3: The only application [...]
Growing pains are an inevitable part of any business, land investing included. You hit a plateau and growth halts until you make the necessary expenses to get your business climbing upward once again. [...]
You’ve probably been there before:
You walk up to a group of friends talking. Stand there awkwardly while waiting for one of them to notice you. Wish for death.
You start telling a story to a grou [...]
While figuring out whether you’re financially stable or not
has a little more to do without just being able to decide if you could survive
longer than paycheck to paycheck, but more has to do with a [...]
While there are certain monthly expenses that can be cut if
you try hard enough, such as a gym membership or even a cable bill with so many
streaming options these days that it doesn’t make sense to [...]
What is the best plan of attack when it comes to keeping up the health of your land business?
Do you stretch it out over a week’s time, being consistent in showing up every day?
Or, do you onl [...]
Staying on top of the family finances is a huge responsibly,
probably one that should not be handled alone without the help of your
significant other, or even a family member or friend that you trust [...]
We asked members of the IWT community who have been married at least 10 years (aka “forever” in Hollywood years) to share their #1 piece of financial advice for couples.
Here’s what they said: [...]
Knowing how to ask for a promotion can make you rich
Many of my students and friends who’ve used the techniques I’m going to share have successfully earned raises of $10,000 or more.
But even if a [...]
In this week’s Round Table—CREATING TIME for this business.
This week’s cast of Geeks joining Mark include:
Aaron WilliamsMimi SchmidtErik PetersonTate LitchfieldScott Todd
When [...]
Believe it or not, it can be harder to stay on top of your
finances compared to losing weight, which is a popular resolution this time of year. The problem is, you join the gym and try to
make a [...]
Whether you know it or not, your first impression to a potential
lender is your credit score, which can not only decide your approval fate, but
also, if approved, what your rate and terms are. F [...]
This is my official April 2018 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 05/01/2018. Detailed explanations and a quick summary can be found belo [...]
Peer-to-peer lending is just one
piece of the greater sharing economy that has boomed in the past ten to fifteen
years. In a nutshell, it allows regular non-institutional investors with just a
few hun [...]
I’ve been sharing my honeymoon stories and other aspects of my life on my Instagram stories.
In the last installment of my Honeymoon Series, we explored Italy with our parents, and now we’ve move [...]
Do you ever wonder why people spend their money the way they do?
Why take an expensive Uber when you can walk 20 minutes to get to the same place?
Why pay for first-class tickets when we’re all goin [...]
You may think you are going about your finances the right way, month over month, year after year, making sure your bills are paid on time,and yes while that is important, there is actually much more t [...]
I always knew that I wanted our honeymoon to be unforgettable. My wife and I were thinking about doing a safari, and when we went out with a few married friends and told them, they said, “That sound [...]
Fact: Taxes are confusing — and it doesn’t help that there are so many myths that swirl around the subject.
It makes sense though. There’s no class in high school on how to do taxes, and the su [...]
In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
Mimi Schmidt
Erik Peterson
Mike Zaino
Aaron Williams
Tate Litchfield
Scott Todd
As we come to the end of [...]
Headlines like “Oprah’s favorite things!” or “Tech gifts for gadget geeks!” have been popping up in your Amazon sidebar for weeks, all of America’s malls are playing “Jingle Bell Rock” [...]
It’s long been said that a large part of the reason for divorce is because of money, so in order to really avoid any potential family money disaster, it’s been to get out in front of it early on b [...]
It’s a question I’ve been asked since starting I Will Teach You to Be Rich more than a decade ago:
“How do I take control of my finances?”
At first, it can be hard to answer &m [...]
As the weather starts to turn and winter seemed to be in full force already, though it’s already almost Thanksgiving somehow, I can already notice the furnace kicking on more than normal and can ant [...]
When the stock market took a hit in October 2018, we saw the usual knee-jerk headlines:
Blip or downturn? What the market meltdown means for your money
Is it time to sell before we hit bottom?
Stoc [...]
Errors and your credit history. Name a more iconic duo. I’ll wait.
You can’t.
Errors in your credit can occur for a variety of reasons, from simple reporting issues from the creditors’ side to m [...]
Learning how to freelance is the first step toward an unlimited earning potential.
It’s a wonder why more people don’t do it — especially when there are so many good reasons to:
Flexibility. [...]
While winter certainly does not prompt a time to save money, but now is as good of time as every to start making money moves that will help you save money and be able to get ahead, for example, paying [...]
“I just look at some things and go, “Why is that? Why does it work that way?” Oftentimes, the people most entrenched in a system have no idea why.”
— Nick Kokonas
Nick Kokonas (IG: @ [...]
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