TraveLiving: Creating Your Own Portable Lifestyle

Wednesday 7th, November 2012


Grand Canyon

A Late Summer Reunion at the Grand Canyon

Dear Fellow Traveler,

After more than 8 trips through the summer & the fall, we are happy to stay home for a bit and catch up with friends and family. It also gives us a chance to write you. We are glad we've been home to offer support to our many friends on the East Coast who have been muddling through hurricane fallout. If that is you, please know our thoughts and prayers continue to be with you.

Many of you have requested more info on passive income and how to get started making it. Below are some basics. If you want to learn more, join Kathryn on her free call next week. Sign up here: http://www.kathrynalice.com/events.htm#100

Have a great fall, and we hope to connect with you sooner next time!

Abundant travels,
            Jon & Kathryn

Passive Income

3 steps Ever since we began teaching others how to live a Portable Life, folks have loved the phrase we often repeat: "passive income" and what it means. We have to admit it’s... Read More >>

Travel Tip

virtualOne of the best times of the year to travel is coming up. If you've vowed to make some practice portable runs, then the time between Thanksgiving and Christmas is golden... Read More >>

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In this issue #26

Passive Income

Backyard PlaysetEver since we began teaching others how to live a Portable Life, folks have loved the phrase we often repeat: "passive income" and what it means. We have to admit it's pretty great to return from a day of sailing or a weekend off the grid on some remote island to discover we've made money without lifting a finger. Often our revenue whilst having fun pays for that fun and much more!

What IS passive income? As the name implies, it's money you make while doing nothing. We recommend setting yourself up for passive income from the earliest days of planning your Portable Lifestyle and steadily increasing it. This ensures plenty of time enjoying your locale. Plus less work, more money sounds pretty enticing, doesn't it?

Here are some basic ways to pull in passive income:

  1. Affiliate Income.

    The easiest way to make passive income, in our opinion, and something you can do almost immediately. If you have ever recommended a book or product to a friend, you have the potential to make affiliate income. We have our own affiliate program, and some folks get a nice payment from us monthly just for recommending our products, something most were doing anyway.

    People we have mentored are making up to mid-5 figures per month just from being affiliates of businesses and recommending products and programs they believe in.

  2. Royalties & residuals.

    Remember the character Hugh Grant played in the movie About a Boy? He was a rich man who made his fortune from penning one hit holiday song that produced regular residuals. Any successful writer only writes a book once, but then continues to collect hefty royalty checks a few times per year for the rest of his or her life. Checks from a distributor who disseminates your products (something we have) also count in this category of passive income.

  3. Ebooks and downloadables.

    These days, there are easy ways to load your ebook file into your shopping cart, create a nice sales page and have it sell, sell, sell without your being involved any further (other than collecting the revenue). The same is true of audio downloadables and "hybrid" products that include audio and written materials. Our downloadable products far outsell our hard copy products because they're cheaper and can be obtained almost instantaneously instead of waiting for something to ship.

    Recent studies show that ebook sales have surpassed written books in the past couple of years. The market is ripe right now to lay in this form of passive income.

  4. Good old capital gains.

    Investments are a form of passive income. In our portable world, it is a joy to be able to maintain and manage a portfolio of investments virtually. Interest money, reinvested and compounded, is an old and glorious way to make money from money – passive income at its simplest. And it's much easier and cheaper these days with on-line brokerages charging less than $5 per trade.

Almost passive income includes:

- Selling something online that can be drop-shipped, so you're just pressing a couple of buttons to deliver. Our CD's are automatically created and shipped on-demand, and we have mentored a couple of Ebay sellers who never touch anything, just create the same listings over & over and pass on the orders.

- Setting up management of an endeavor and then just occasionally checking in. We have several examples of folks we've mentored in our Portable Lifestyle Primer who have done just that, and it works beautifully.

- Devising a curriculum that you teach over & over virtually (telecourse, distance learning), pulling in money for each course but not having to do additional legwork to teach it again. Often our students have used the same recordings and notes each time they teach the material again.

We encourage you to start thinking this way from the get-go, so that you don't get trapped in a money-for-time situation. To find out more, Kathryn is teaching a free teleseminar next week in which she expands on the passive income basics. Sign up NOW if the idea of passive income appeals to you.
http://www.kathrynalice.com/events.htm#100

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Travel Tip

FirstClass One of the best times of the year to travel is coming up. If you've vowed to make some practice portable runs, then the time between Thanksgiving and Christmas is golden time for good rates and empty sights to be seen. We've made a specialty out of skipping the lines, and so we'll probably hit up at least one amusement park in early December. We hope you'll take advantage and sneak away somewhere fun!

If you want more information on how change your mindset and become more location independent, check out our Portable Lifestyle Primer and our Insider's Resource Guide. You, too, can live a portable life!

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