How I Went From Broke To A Millionaire In Less Than Two Years

This is a real life story that I believe touches the imagination. It is an example of what can be done in the real world by real people. Here is the story.


How I went from Broke To a Millionaire in Less Than Two Years

The Story of Christopher Russell Collins


Winners do not do different things, they do things differently. – Shiv Khera


In your lifetime you meet some people who accept everything that fate brings to them. You will also find some people who make their luck. This is the story of Chris Collins who created his fate and – who became a millionaire from being broke.

In his YouTube channel, he told us that his only purpose of sharing his story is to have people realize that everyone can change their lives and do amazing things. All they need is a strong desire. If they are motivated – no matter where you are now, and no matter your current financial state.

Know Thyself” :


“To know thyself is the beginning of wisdom . . . The unexamined life is not worth living” – Socrates.


Thousands of years ago Socrates told about the importance of realising yourself. Chris Collins also said the same thing. He believed that your realisation about you would let you do everything that you want:

“You can do amazing things as long as believe in yourself.” – Chris Collins


Before jumping to his success story, let’s have a look at his background, his education, his home, his family and the person for whom he changed his entire lifestyle. Chris holds the view that knowing about his past life will help you to understand the necessity of realisation and determination.


“I would be a Millionaire.”

 This is the thing that Chris remembered from his childhood. Some of you may think that Chris got all his money from his father or got a lottery and became a millionaire overnight. But, this is not the case.

Chris lived in the Salt Lake City, Utah. His father killed himself when he was just two years old. You know about the myths of our society. He was not allowed to go and play to the house of his friends as he was not a Mormon. As a child, he did not understand what religion, who are Mormons. So, his mother decided to shift the place, and they came to Boston:


“ We moved back and forth between Boston and Utah until I finally graduated from High School in 2000.”

He passed every summer with his grandmother. At the age of sixteen, his grandmother who was his best friend passed away because of cancer. That was one of the heart-breaking events for his entire family. He became an alcoholic and lived in the “world of darkness and depression”.  However, he realised that his grandmother would not be happy if she were alive. So, he decided to join the air force. He started his basic training in July 2001. He was honourably discharged in January 2007 and planned to start his own car business.


“ If you do not have a plan, you cannot build a future.

There is no such thing as “lucky.”



After returning from the military service, he planned to open a shop. But, UNFORTUNATELY, he found that someone did terrible crimes (not singular “crime”, such as drug trafficking, assaulting a police officer, vandalism, domestic violence, check fraud, etc.) using the social security number that hinders him from starting his business.

Success doesn’t mean the absence of failures; it means the attainment of ultimate objectives. It means winning the war, not every battle. – Edwin C. Bliss


“Getting knocked on your ass is a factual guarantee on your journey to success.” – Chris Collins

Let’s Go back to the Salt City, Utah where a “little piece of my family lives”:

After finding the bitter truth, Chris decided to back to the Salt City. He along with his brother Johny drove for forty-three hours and reached to the Salt Lake. At that time, they had only two gas cards and $100 cash.

They came to their old home. The home had no heater, no hot water, and no electricity. He started working as a “lease advisor.” However, he realised that he did not deserve this, rather he deserves more. In his words:


“At this point, we had a roof over our heads but I know immediately that we needed to get out of there.”

According to Chris, the realisation is the crucial thing that you will achieve success. You have to believe that you deserve whatever you want.

“How bad do you want to change? Focus on all the dreams you once set aside, or gave up on.

Close your eyes right now and please just listen. . . If you do not make time in your life for success, you will never be able to achieve it.”


Moved to Boston again:

After realising that he deserves more, he leaves his old house and again shifted to Boston. There he attended a seminar, and after finishing the workshop, he was determined that he will do something better.

“ I decided to stop working for others and starting working for myself.”

He quit his lease advisor job and became a “Tattoo Artist”. But unfortunately, he failed and came to a conclusion that

“Sometimes it doesn’t matter how passionate you are and how excited you are in life. I was getting robbed from my employees . . . I had unexpected bills.”

To get rid of bankruptcy, he decided to shift in Nashville Tennessee with his girlfriend who returned to Boston after two days.  At that time, he had only $ 47 and no car. He went from here to there, begged for a job and finally found a job in one of the best tattoo shops in that area “ICON TATTOO”. He felt that it was the vital time in his life. He learned about people.

Again Salt Lake:

He again decided to move to Salt Lake and drove for 22 hours. But this time, he moved with a firm determination:

“This time I just somehow know that this was my last move. I believed that this was exactly where I needed to be in my life. And I was right.”




The Angel –  the Touchstone of his life:


The real realisation occurred in August 2013 when he came to know that he would become a “daddy”. He realised that if he wants to give a better childhood unlike him for his daughter, he needs to work fast. His only goal and aim were to be a great father:

“My goal was to ready for my daughter.”

According to him, the final realisation came in May 2014, after one month of his daughter’s birth. His life-partner gave him an ultimatum to do something better for his family.


“I would do whatever it took to build my daughter’s future. I would do whatever it took, I would sacrifice anything I needed to get to a life where I never missed one opportunity to watch my daughter grow.”


He left the house and went to his friend’s house. There he lived for three months. He faced rumours and many challenges. But he decided it is better to sacrifice temporary for the good future. He worked hard, worked 24/7 and now he spent every single day with his child. He sees how his daughter is growing up. He built an enchanted Disney like room for his daughter where he felt peace. In his words:

“ ( when he was in his friend’s house after leaving his daughter) At this point the ONLY thing in my life that mattered was my daughter’s future. For the next 11 months I worked and built her empire 24/7. I looked at her pictures and cried myself to sleep every single night, but I remained focused and committed. I gave every day 100% until my goal was complete. .  . What is it to sacrifice everything to gain a lifetime of not missing a single memory with my daughter? . . . For me , it was worth every single heart-breaking moment.”


Success comes from realization that you deserve first and foremost – Chris Collins:


This is the story of Chris Collins. An example of how he changed his entire life by believing in himself. He knew one thing – that he deserves the better life. He believed in his vision. He was determined. He worked hard. He never gave up. And that my friend, is the secret of his success.

How I made $3700 in my first 2 months Blogging

I had been doing tons and tons of research on how to get started with blogging. A few months ago I decided to go ahead and give it a shot. My experience was absolutely phenomenal!

After weeks of researching online how to get started, I finally drilled down on the niche I was going to talk about on my website. To be honest, I really didn’t know what to expect. I just knew I wanted to make some money talking about what I loved, musical Instruments.

But something extraordinary happened. I actually made money, $3,649.85 to be exact, in over 2 months.

I’ll have you know that I did have a bit of money saved up to get started. So, by no means was I empty handed. By following some very specific principles from the book “The Richest Man In Babylon,” I was able to save quite a bit of money before I jumped in. My whole life and way of thinking about money changed after reading that book!

Make sure to get yourself a copy and read it!

In addition to teaching solid financial principles, the book talks about paying yourself first. And that was the thing that caught my attention. Pay yourself first.

Well, that’s what I did from my earnings teaching saxophone and teaching flute. I was able to save at least $1000 to get started!

I took the savings and hired everyone, from content writers to web designers and SEO research specialists.

So, here it is!

How I Made $3700.

Net earnings by the way:)

1. I leveraged Google Adsense

After finally getting my blog approved by the google AdSense team, I added their contextual links onto my site. Well, several sites! I worked extensively to create highly targeted and useful sites full of great content.

For those of you who don’t know what google AdSense is: Google AdSense has advertisers that will bid to put ads on your blog. If someone were to click on the ad, you’d be paid for that click.

2. I Jumped into Affiliate Marketing

Affiliate marketing, commonly known as referral marketing, is when you promote products belonging to other companies. If someone purchases the product from the link on your website, you’d get paid a percentage of the sale, anywhere from 4 to even 50% of the total sale. One of my sites was promoting something valued at about $2500. I made 10% each time the product was purchased!

Now I’ll admit, I promoted the site using paid advertisement with Bing. I also had sponsored ads going on Facebook as well. But these ads were extremely targeted, and customers were looking for the product I promoted.

3. I Built a Dedicated Audience

Before I launched my site, I already had people lined up to visit it. I started with telling my friends and family about the site I was building. Trust me on this, starting with people you already know is a good way to get a head start with traffic. I built a list of people via social media that might be interested in the products I was promoting.

By the time I launched, I was already getting tons and tons of traffic to my site from friends and social media. That, coupled with the sponsored ads I had going on various social media platforms, put my site in a good place in Google’s eyes. But still, Google wasn’t the main source of my traffic. Which brings us to my next tool.

4. I leveraged Email Marketing

I had email signups on all my blogs. Once I built a large enough list, I sent emails out once a week! The emails were probably the largest source of my traffic as Google still took more than a month to start ranking many of my sites. My emails consisted of highly targeted, high value content for the users, and they went out consistently every week.

5. I Used Targeted Sponsored ads

I would say that this was my first choice for traffic since I knew my SEO efforts would take some time to bear fruits. With the leverage from my savings, I was able to get immediate traffic to my website. With the help of tools like Buzz sumo, I was able to drill down on viral content to get ideas. I then created Facebook posts similar to those that had already gone viral within my niche.

But here’s the kicker, even though my posts were getting lots of traction without sponsoring the ads at first, I still created a budget and sponsored those posts with high engagement! This worked like a CHARM!

6. I Leveraged Almost All Social Media Platforms

You might be wondering, “Isn’t it best to focus on the few social media platforms that interest you?” Well, maybe. But there is a way to manage multiple social media accounts easily without pulling your hair out! And It wasn’t really that time consuming at all for me. Yes, it took time to set up the various social media pages at first, but after that I used tools like hoot suite to schedule posts to all of those sites.

And here’s the real formula:



  • The viral posts went out on all social media platforms.
  • All of those social media posts pointed directly to my blog.
  • Traffic from all of those platforms landed on my site, and in a Very Big Way!
  • Google saw this and rewarded me in the serps.

To Sum It Up

Affiliate Marketing was my highest earner in the first two months. Bringing in about $1700. Google AdSense came in second with close to $1100. The rest came from my own information products that were created and posted on my site. My products were also promoted in my email marketing campaign. The gross was much higher than $3700, but I just wanted to give you guys my ROI.

Now, I won’t say that this will work for everyone. Keep in mind that I started off with $1000 to use for marketing and content creation. But I still think anyone can do this and it really is pretty simple when you think about it! Blogging could be an excellent way to earn additional income if done properly!

If you have similar stories about your own blog, I’d love to read about it! Even if it didn’t work out, please leave a comment below. We’re all here to learn about how to earn with blogging!



How To build Wealth

A Simple one page guide to building wealth

Wealth creation has often been the last thing on the mind of the common worker. After all, how can you think of building wealth when you’ve got so many bills to pay? If we take a look at who generally holds the wealth in in america, it would look something like this:

America=Overall wealth basket of 100 percent.

The top 1 percent , also known as the rich or the wealthy, own and control = 90 percent of America’s wealth.

Everyone else own and control= 10 percent of America’s wealth.

Now why is this? Is it because of the government? Is it because of capitalism? It would seem like an unbalanced number considering that the middle class is the engine of the American economy. Not to be overly simplistic, but one of the more common reasons would be the mindset held by those middle class.

During our younger days we are taught to work hard, go to school, and find a safe and secure job. But we’re not taught the ways of money and the logical ways of building wealth. We’re basically taught to climb the corporate ladder if we want to get ahead.

This however, is a mindset that worked very well in the industrial age. But that age has long gone away. And we are now in what is called the information age. We live in time where the opportunity to build wealth is greater than ever before in history.


Building Wealth Starts With Paying yourself before you pay anyone else

Now what does “paying yourself mean, anyways?

I’m gonna play with your brain just a little to give you an idea of how this works.

Most people take a day out of the week to do their bills. Or to do the family home budget. An important discipline all of us should have, really. We allocate money for the light bill, we put money aside for the cable bill. We’re making sure the cell phone bill is taken care of. We budget for our taxes.

Am I missing anything? O yea, we’ve gotta budget for the car note and mortgage payments.

And before you know it that big piece of pie or take home pay is stretched to the limits. But is there anything we’ve missed budgeting for?

Of coarse! How about paying yourself? That would be putting money aside for savings, investments, and financial education, which could include books or courses that teach you the ways of money. But here’s whats gonna really blow your mind. You’re supposed to put that money aside for you, first! Before any of the bills. Sounds a bit counter intuitive I know. But it is the way to building wealth believe it or not.

Make paying yourself a part of the family budget

Paying yourself first should be added into your monthly budget and you should live on whatever is left. Does this sound strange? Does it sound like something that probably only 1 percent of people in America would even consider? That’s why that same 1 percent control 90 percent of all the money in America! They pay themselves first. No one, not a bank, not a credit card company, and not even the government, should come before building a strong nest egg for you and your family, period.

I can recall having a conversation with a friend of mine about the idea of paying yourself first. He thought I was crazy for even suggesting to him this idea. His problem with this idea would go something like this:

If I paid 10 percent of my earnings to me first, then how will I have money to cover all of my bills? This is an honest question, really. And I certainly felt where he was coming from. My answer is this:

You have to convert your way of thinking while reorganize your priorities. Here is the order in which your income should be allocated. We call this the 20 – 30 – 50 rule for budgeting. We believe that following this rule will set you on the way to your financial goals and put you on the road to financial freedom. The rule converts the old way of thinking about money to a new and improved wealth building concept of money.

So, here’s the breakdown of the 20-30-50 rule of budgeting.

  1.  50 percent of your income should go towards the things you need to survive. This will include you mortgage, car note, home utilities like lights, gas, water, and home phone, e.t.c. It does not include your cell phone bill or cable as we believe these to go into the category of wants. However, if your cell phone is mainly used for business, then that may be included in this category.
  2. 30 percent should go towards your wants. This includes all forms of entertainment and things like dining out.
  3. Lastly, 20 percent should go towards all of your financial goals. This will include savings, investing, paying off any debt you may have.

Notice we didn’t give you any specifics on how to invest or where to put your money. This is because wealth creation starts at home. It starts with the first fruits of your income. It also comes from changing the way you think about money.

If you could follow this rule you will find yourself in the “Law of Accumulation”.  You’ll watch as your savings and investments continue to grow and grow over  time! And by investing in your financial education, you’ll learn all that you need to about investing.

Recommended for you

5 Books That Will Make You Rich.

26 Passive Income Ideas You can Start Now 


13 Work at Home Jobs That Pay Up to $350 per day

Don’t forget to follow us on Instagram @acecashflow!

Having a little side cash never hurt anyone! That’s why I’ve got to share this post with you from Woman’s Day The original post was a bit out dated so we’ve added to it in order to make it relevant for 2018 and beyond.

Don’t think small of these available work at home jobs as many have turned out to be full time careers!

The contributors to this article are: Daisy Chan, Katina Beniaris, and Kate Ashford

13 of the best work at home jobs

Earn a steady paycheck without ever leaving your house. These easy work-at-home job ideas will have you earning cash in no time.


There are several virtual assistance jobs available these days. Depending on what you enjoy doing as well as your talents, you’ll find that many small businesses could be looking for your talents! You could do things like online research and data mining. If your good with photo shop you can lend your talents to create banners and photo editing. There’s also email marketing and development of small to medium business news letters.
You could even book flights and manage itineraries. Maybe you’re good with Microsoft office? You could set up spread sheets and create power point presentations. There really is a whole lot you could do as a virtual assistant!
best work from home jobs

What It Pays: Around $10 to $15 an hour

Perfect For: Someone who is very organized with the ability to multitask.

What It Is: Many companies hire self-employed virtual assistants to save employment costs. You will perform typical office duties from home such as replying to emails, managing calendars, entering data, and assisting with social media.

How to Get It: Start with websites like, and to find freelance opportunities related to virtual assisting.


As a transcriptionist all you need to do is turn audio into text files. You’ll listen to videos and  speeches and then write them into a text processor like Microsoft word. it’s pretty straight for and simple to do as explained below.

trascribers can earn anywhere between forty cents to eighty cents per audio minute transcribed depending on your level of experience. so there is plenty of potential to earn decent money if it’s something you enjoy doing. And nowadays there are plenty of transcription jobs available online. You can check places like fiverr or odesk and you’ll see plenty of people and businesses alike who need these services.

I would say that this is probably the easiest type of online job available today. The great thing is that you don’t need any specific programming skills or special website skills in order to do the job. If you’re  fast with typing you stand to earn a decent amount of money. Especially if you can turn your transcriptions in to text really fast.

best work from home jobs

What It Pays: Up to $25 per hour or more

Perfect for: Someone looking for a flexible job that requires little to no prior experience.

What It Is: Transcription essentially involves you listening to audio files and typing out what you hear. Easy enough, right? Companies usually hire transcriptionists without much experience, so some job postings might only require you to have a computer and keyboard to get started. Transcription jobs can vary from transcribing a college lecture to a doctor’s medical dictation, while most companies allow you to make your own schedule.

How to Get It: As a beginner, you can find entry-level transcription jobs on, and Most employers give out a short writing test to measure your typing accuracy and attention to detail before you receive any official tasks.


What It Pays: $1 to $50 per survey, depending on how much time is required

What It Is: You might take an opinion poll, answer questions about shopping habits or review a product. You’re generally paid in cash (PayPal or mailed check) or with points that can be redeemed for gift cards.

How to Get It: Visit companies such as and (Search “surveys” on for more options.) Then sign up with as many sites as you can. The sites will contact you when surveys that fit your demographic pop up, and you take them right away. A word to the wise: Do not register anywhere that has a membership fee, asks for your Social Security number or bank information, or is vague about payment.

See Also: More Ways to Make Money from Home


What It Pays: $10 to $15 per test

What It Is: Many companies pay online testers to make sure websites are intuitive and easy to navigate. “You basically follow the instructions you’re given to check out the website,” says Anna Thurman, founder of, a site that has reviewed more than 500 online work opportunities. “It usually only takes about 15 minutes per test.” Thurman recommends registering with 10 to 12 different companies since the opportunities to test these sites are doled out first come, first served. “There are people who make $100 to $200 a month by staying on top of those tests,” Thurman says.

How to Get It: Begin with sites like and Register with multiple companies for opportunities to test as many websites as possible. Once you’re in the system, you’ll be emailed when testers are needed, and if you’re one of the first to respond, expect to spend 15 to 20 minutes completing the test. Many sites require a microphone and/or webcam, which are built into most laptops—but if you need to buy one, they aren’t expensive. The tester sites typically pay within a week or two via PayPal.


What It Pays: $1 to $2 per 1,000 hits; Payment depends on how many people click on your video. Views on popular YouTube tutorials range from 20,000 to 300,000 and higher.

What It Is: Do people ask you your secret to perfect pie crust or how you made that wreath? “Everyone knows how to do something, or has a hobby they enjoy,” says Kimberly Lawson, owner of, who has created fashion and beauty tutorial videos. “These can easily be turned into profits.” Simply sign up for a free YouTube account. Then use a smartphone or digital camera to record yourself explaining and demonstrating how you work your magic. (If you’re more tech-savvy or have a burgeoning teenage filmmaker in your house, you can use desktop software, such as Windows Movie Maker, to create a slicker video.) “Once you upload the video to YouTube, enroll in its partner program,” Lawson says. YouTube will then place ads inside or near your video, and you will earn money from the ads themselves, video views and click-throughs. “The key is to put a unique spin on your video,” says Lawson, especially if there are lots of others on the same subject.

How to Get It:If you shot the video with your phone, open the YouTube app and hit “send.” If you’re uploading from a computer, visit YouTube, and click the “upload” button in the upper right corner of the screen. You’ll see a place to drag your video file. To enroll in the partner program, click on YouTube settings, check the circle next to “Allow Advertisements,” then click on “View Additional Features.” On the YouTube monetization page, opt in. Generally, you must earn a minimum before you get paid, and YouTube pays monthly—if you don’t earn enough in one month, the balance rolls over.

See Also: 6 Money-Saving Tricks that Actually Work


What It Pays: It depends on the company, but you typically take home 20% to 35% of sales in commissions.

Perfect For: Someone with an entrepreneurial spirit, loads of energy and a love of meeting new people.

What It Is: Think Avon or Mary Kay—you organize get-togethers to sell a company’s wares, whether those are bath products, gardening supplies, books or wine. Over time, you build a base of clients.

How to Get It: You can apply directly through the companies, such as Stella & Dot, a jewelry company that had over $100 million in sales in 2010. A few other good ones include Pampered Chef (kitchenware), The Cocoa Exchange (chocolates and more) and Avon(cosmetics; which only has a $25 startup fee). You can also visit the Direct Selling Association website at—all the companies listed there agree to abide by a code of ethics, so they only offer legitimate opportunities. Typically reps make a small investment to get started (this is a legitimate and standard practice), and sometimes pay a fee for the merchandise being sold. After that you can work as much or as little as you want, and see profit based on how much you sell.

corporate english trainer

What It Pays: Around $15 an hour

Perfect For: Native English speakers with basic computer skills and an interest in other cultures who love chatting online or over the phone. Office experience is very helpful, since most students work in a corporate environment.You also need your own computer and a high-speed Internet connection. If you’re bilingual, that’s a plus.

What It Is: Students in countries including Japan, Korea, France and Germany are looking for English speakers to practice with. Sessions focus on things like making professional small talk or running a meeting (trainers are provided with specifics on how to teach each topic, and are also trained themselves for two days before starting the job). Lessons take place either over the phone or on a live Internet video service like Skype—sometimes at night, because you’re working with students in different time zones. You need to commit to a minimum of 20 hours a week at consistent times, and can work as many as 35 hours.

How to Get It: is an English training company working with 12 of the world’s largest corporations. There are also jobs out there for English as a Second Language (ESL) teachers, which are more structured. Visit ISUS (, a placement and training company. While a degree in education or ESL is ideal, you are encouraged to apply if you are enthusiastic and articulate.

telephone nurse

What It Pays: Competitive with a regular nursing salary, which is $50,000 or more

Perfect For: Someone with a nursing degree.

What It Is: Health insurers or other health management companies, including Humana, Aetna and UnitedHealth Group, hire nurses remotely to perform duties like case management, treatment authorization and patient education.

How to Get It: To find the right position for you, check out the listings at major medical-job placement firms like, The Judge Group (, and MedZilla (


This is great job for frequent travelers. In a nutshell, companies hire people to do manual search engine evaluating simply because search engines aren’t always reliable. They need a human instead of a coded algorithm to tell if something is working.

What makes a good search engine evaluator:

  • People with web search skills and good analytic analysis.
  • People who use search engines often and are good at typing up queries. Probably everyone nowadays!
  • People who understand american social media and pop – culture. Generally those who are up to date on whats happening now. being able to find trendy topics and such
  • Companies also want people with excellent comprehension and skills with the English language.
  • Additionally companies want you to have some kind of smart phone as well.

You will need to pass a few test in order to properly evaluate your skill levels. These test could be paid or free depending on which company you’re going with. Other jobs could include a social media evaluator as well. Social media networks have gotten so popular that these type of evaluators are valuable.

search engine evaluator

What It Pays: $9 to $10 an hour

Perfect For: English speakers who are up on movies and music, as well as those familiar with other cultures.

What It Is: Companies like Google and Yahoo! give you information to search for, and you tell them how closely their results matched what you were looking for. Does a search for Lady Antebellum turn up sites about the music group or links to pre–Civil War period information? If you are Latina, for example, you might be asked to search the way a Spanish speaker might perform a search in English. Jobs are usually between 10 to 25 hours a week.

How to Get It: Most companies hire through firms like Leapforce At Home and Appen Butler Hill.


A great majority of customer service representative are actually working from home. Employees are able to set their own hours and work at their own pace. The new security platforms for logging into these systems are excellent.

You will need to have a computer with moderate to good tech requirements. Additionally, you’ll need to have a solid internet connection as well. The company you choose to work for will be able to test your system though a user host protocol. There are also plenty of sales opportunities if you want to advance.

Bonus are generally collected for reaching a certain sales quota for sales customer service representatives.

These type of online jobs are widely available.

What It Pays: $8 to $18 an hour

Perfect For: “People” people with patience to spare who are good at talking on the phone while on the computer.

What It Is: Companies are looking for workers with excellent speaking abilities and solid computer skills to help customers find a correct size, place an order or resolve a conflict. Both full- and part-time positions are available, and you are generally required to devote a four-hour block of time.

How to Get It: Customer service is the biggest work-at-home field, with companies including Spiegel, Hilton, Best Western, HSN, 1-800-FLOWERS and many others using at-home reps. Fill out an application with staffing companies such as AriseAlpine AccessVIPdeskLiveOps, and Convergys, all of which vet the companies who are hiring through them. If you need benefits, search through a staffing company that will hire you as an employee (Alpine Access, VIPdesk and Convergys do this) rather than an independent contractor. If you’re a contractor, you may be asked to pay a small fee (between $15 and $35) for a background check. While a fee can be a sign of a scam, independent contractors are responsible for their own expenses.


Online teaching has grown quite a bit over the past few years. With internet connection speeds growing at an enormousness rate, it has become an attractive solution for teachers. Teachers can work on their own time an set up lessons based on their students.

Students are able to get personalized attention and communicate in a personalized way. Teachers in this field can even earn just as much as regular teachers. It has become a solid alternative to going to a school building to teach.


What It Pays: The average salary for the first year is around $30,000; teachers of some subjects are paid more than others.

Perfect For: Teachers who don’t want a typical school schedule.

What It Is: Instead of standing in a classroom, you’ll teach via Skype or in a prerecorded session. There’s a growing demand for teachers in all subjects, but especially core topics like English, history and science.

How to Get It: Check out K12 ( and Connections Academy ( Both organizations offer various benefits—including health insurance, retirement savings accounts and paid time off—depending on where you live. As in any job where you work with kids, there will be a background and reference check as well as interviews. You may also need to be licensed to teach in the state where the students reside.

virtual tutor

What It Pays: $12 to $35 an hour

Perfect For: People who only have pockets of time to work and an extensive knowledge of or expertise in a subject, or are fluent in a foreign language.

What It Is: You work with a student who needs extra help, usually for a half-hour over the phone or Skype.

How to Get It: Sylvan Learning (, and Tutorzilla ( all offer a good cross section of the kinds of remote-based tutoring jobs out there, and they all have great reputations with students and teachers. Since you will be working with children, you can expect a background check before you are hired.

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Ace Cash Flow

Ever thought about putting up a website. It’s fairly easy to do and could bring in quite a bit of passive income. Blogging has become very popular in the last 5 years and has proven to be an excellent choice for affiliate and network marketing.

You could write about anything you’re interested in and monetize your site using things like google adsense. You can also sell and promote products from amazon by signing up for an affiliate account. The great thing about blogging is that it’s fairly simple to set up. Using tools like wordpress you can literally have your blog up within fifteen minutes. Then all you have to do is start typing! Start writing what you want the world to know!

You could then send your friends and family links to your blog to get conversations and get some traffic. We recommend you learn about search engine optimization for your blog. Understanding how the search engines work and how your particular keywords can be found is critical to a successful blog.  You can head over to google keyword planner and start typing keywords related to your blog. Google will give you an estimate of how many searches that particular keyword gets every month. You wanna try and find keywords with high search volume and low competition. At least 1k searches per month. You can then optimize your website with the keywords you found at google’s keyword planner. Search engine optimization is a world of it’s on so we will save that for another post. But many people are jumping on to the blogging band wagon. You try it out. It just might be the thing for you! Things like cooking recipes and women’s fashion seem to be trending these days.

How much can you expect to earn blogging?

This will depend on a couple of things.

  • Your chosen niche: Not all niches are profitable. In fact, there are some that are just a bad idea in my opinion. An example could be blogging about cute animals. There’s no way you can sell anything related to cute animals!
  • Your monetization methods: Some monetization methods are better and worse depending on your niche. Google adsense is one of the mos popular monetization methods for blogs. However, affiliate promotions may be more targeted depending upon the topic of your website.

If you’ve set up your blog correctly and you are getting traffic, there are plenty of ways to earn even money. You could promote products from sites like ClickBank and receive fairly high commission for referrals. You could also have google adsense put relevant ads on your site and get paid per click.

Many bloggers sign up for the amazon affiliate program to receive commissions as well. The great thing about Amazon is that you will get commission on anything they by from the site. Not just the product you’re promoting. People trust buying from amazon and don’t mind pulling out their credit card to make expensive purchases. This is good for you because amazon will even pay you for there other things customers might search from their site.

Commission Junction is another affiliate referral network you could join. using commission junction you could become an affiliate for sites like best buy, JC Penney, and many other clothing and department stores. This also includes music stores and musical gear and equipment stores too.

Raters to Review Google Ads.

If you go online you’ll notice the advertisements that pop up at the very top or in the sidebar. You job basically would be to make sure that the current ads that are popping up are relevant to what people are searching for. You’ll be looking to make sure the descriptions are correct and that they have good relevancy to the google search queries. Also you’d ensure that the titles are correct too. You’ll also look to see if there are any errors in the ads and such.

It’s a pretty simple job and it doesn’t require you to be on the phone. Also, the job doesn’t really require any experience although they will provide you with training.

Starting pay: $15 per hour. We consider this pretty high when we compare to most other work at home jobs. It is a part time job that could act as a good supplement to your other income.

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5 Types Of Friends That Will keep You Broke

When it comes to wealth, hanging around like minded people and friends are essential. It is said that we are the sum of the five people we hang around the most. Take a look around at your friends. Are they rich? Are they poor? Do they think big? This question might be an eyeopener for you. When you see others pursing big goals and dreams, it makes you want to do the same thing. When you see people always thinking small and doing small things, it makes you do the same thing. This exercise will help give insight on to which friends should be fired. As well as an understanding on which type of friends are best to hang around.

Here are

5 Types of friends that will keep you broke.


1. The pessimist

The pessimist is someone who always sees the glass half empty rather than half full. Ever got exited about something big you wanted to accomplish around a pessimist? You might have notice that they didn’t believe your dreams were really possible. But in an undercover kinda way. They probably told you how others have tried to achieve the same thing and failed. Or said something like, “That’s like impossible for someone your age to do”.  Or something like, “That’s already been tried and what makes you think you’re better than us”?

You’ll find that pessimist always have a negative outlook on things. Just try to remember it’s not because of you. But rather, it’s because of what they believe about their own dreams. Stay far away from pessimist less you loose your fire!


2. The Realist

The realist is someone who doesn’t believe in any form of over achievement. Just before we graduate high school our parents are great examples of the realist. When we were kids, say around 8 years old, our parents made us feel good about the dream of going to the moon. But as we got older, they told us be more realistic in life so that we don’t get disappointed. Realist are more afraid of disappointment than they are of success. Realist don’t take risk so therefore, they don’t go very far.

Be very careful around the realist. They are very contagious. They may make you feel that you’re aiming too far and perhaps you should set you goals on something more achievable. You could easily fall for this trick. Instead, find friends that think big. Their energy alone will give you the courage to try big things! And break up with the realist please!


3 The Dependent friend.

Do you have friends that just seem like they’re children? By children I mean, constantly depending upon you for everything. They need your opinion about everything. They expect that you will settle the bill for lunch without even asking. They believe that everything will be fine just as long as you take care of it.

The dependent friend will drain all of your energy and will power if you let them. Especially if you’re a generous type of person. The dependent friend provides no value in the relationship and therefore should be fired. Instead, put yourself around people that you can learn from and that are helpful. Figuring out the game of life is hard enough and the last thing you need is to be dragging a child around!


4 The distracting friend

Ever noticed that every time you wanna talk about dreams and goals, some friends just don’t wanna hear it?  Have you noticed how they’d rather talk about Kim Kardashian or the latest reality tv drama? Talking about your goals and dreams are one of the most important steps to becoming successful. The distracted friend will pull you away from that mindset and onto a poor persons mindset. A mindset of only entertainment and constant distractions from your purpose.

The distracted friend isn’t truly thinking about success even if they deny it. Truth is, they aren’t interested in chasing big goals and dreams. If they were, they’d be excited to talk about it. These type of friends don’t give you an outlet to express excitement about your future and are therefore, you should hang around them less and less. Don’t unfriend them as they could still be good people. It’s just that you need the energy of likeminded people in order to overcome doubt and renew your will power. That’s all I’m saying.


5. The friend who can’t be happy for you.

This type of friend is closely related to the pessimist friend. You’ve accomplished something great and they simply want the subject to be over with. They hate it when you’re excited about your achievements and look for the striking moment to change the subject.

They wanna change the subject away from the fact that you’ve landed your dream job. They want to change the subject away from the fact that you’ve done something and accomplished something no one else has. These type of friends could very well be the worst type of friends. You should celebrate your own friend’s success and therefore it’s ok to expect praise for those who call themselves real friends.


The friends we choose have an enormous affect on the person we will become. They have the power to kill our dreams or they could make us want to achieve our dreams. Without noticing, the people we hang around are constantly sending signals to our subconscious mind as to what kind of person we should be.

Look instead to surround yourself by dream chasers and big thinkers. These type of friends will keep us pushing hard for our goals. These friends will keep us on our toes and competitive. They’re energy multiplied buy our own energy will create synergy and what is know as “The Master Mind”. The accountability these type of people give you will only make you stronger and make you better. Additionally, these friends are key to your development in life. Always remember:

Think Big, Dream Big, Take risks, and hang around likeminded friends!

26 Passive Income Ideas You Can Start Now


You’re earning a living and making tons of passive income without even thinking about it!


I’d bet something like that sounds great, right?

My whole life changed when I read “Think and Grow Rich” By Neapolitan Hill and The Richest Man In Babylon” By George Clason. These book completely changed the way I though about money. They taught me to Think Big and that I could actually change my poor money habits.

I also ran into the book “Rich Dad Poor Dad” by Robert Kiyosaki as well. That book taught me the difference between an asset an a liability. In order to create a steady stream of passive income you’ll want to know the difference between an asset an a liability. It’s quite simple:

An asset is something that puts money into your pocket each month.

A Liability is something that takes money from your pocket each month. Robert Kiyosaki helped make this understanding very clear in his “Rich Dad Poor Dad” book.

Examples of assets are things like Stocks, bonds , mutual funds, rental properties, or intellectual properties.

Examples of Liabilities are things like car notes, house notes, credit cards, or boats. Basically anything that takes money out of your pocket each month. Robert said in his book to focus on acquiring income generating assets. Basically passive income. And that is what this blog is about!

What really is Passive Income?

Passive income is income that you’re not generally involved in from a day to day basis. Unlike what is commonly know as a 9-5 job. It doesn’t mean that your’e not involved in the creation of the passive income assets. It just means that it comes your way passively. You don’t have to do any specific thing to generate the daily income.

You have to create it or make some sort of investment in the beginning that in turn generates the flow of passive income.

Opposite of passive income is what we call active income. Most of us are very familiar with active income. Active income is income that only generates if you put the hours in. Similar to a job really.

You work a certain amount of hours and then you’re paid for the exact amount of hours you work. It means that your income is limited to what your physical body and time can do.

It is also the type of income with highest taxes believe it or not.

Passive income generally falls withing the following categories:

  • Portfolio income and paper assets. Examples of portfolio income are stocks, bonds, and mutual funds.
  • Real estate income. Could be property that you own and are renting out.
  • Intellectual properties. These are patents, trademarks, books you’ve written. It also includes music royalties and publishing. Rights to recorded masters.
  • Other types of passive income could be things like: Income from ATM machines, bubble gum machines, rentals of a boat you own, and peer to peer lending.

The rule is that the income is generated passively and that’s what we’re focusing on here.

Here’s the list!

26 Passive Income Ideas You Can Do Now That Will Make You Money While You Sleep:

We want to think Jeff Rose for coming up with the first 25 Passive income ideas below from his blog

View Original

You will note that we’ve added a few of our own ideas too!

1. Peer to Peer Lending with Lending Club

There is probably no passive income that is more perfect than earning interest on safe investments, such as U.S. Treasury securities and bank certificates of deposit. The problem of course is that those instruments pay paltry returns – generally less than 1%. It may be passive income at its finest, but you’ll never be able to relax or retire on returns that are that low.

That makes now the perfect time to talk about Lending Club. It is a web-based peer-to-peer lending platform where people come to get loans, and investors – looking for high interest opportunities – provide the funds for those loans.

Lending Club provides an opportunity to earn interest rates in excess of 10% per year – which is about 10 times what you will earn on more conventional interest-bearing investments.

Now let’s be clear on one point: those high rates do come at a cost. Unlike bank investments, Lending Club loans can go bad, in which case you will lose principal. However, there are ways to minimize those potential losses. I talked to a LendingClub adviser and they recommend starting out with an initial deposit of $2500. Since you can invest as little as $25 in a single loan, you can actually buy into 100 different loans with a deposit of that level. So you don’t have to worry about a single loan going bad and ruining your investment.

Despite the risk of default, it’s very likely that you will earn far more on your investments at Lending Club than you will at a bank and I have averages just under 9% during the eight years I have been investing with them. That is a nice residual income stream. Investing larger sums of money in different ways can be beneficial, whether it be where to invest 10K or where to invest 100K, we can help you get a better understanding of how to invest your money.

2.Use Fundrise to Invest Passively In REITs

If you want to invest in real estate, but you don’t want to be as hands-on with your investments, then you should look at Fundrise.

Fundrise is a REIT, which is a real estate investment trust. Just like with other investment trusts, these are basically pools of money which are managed by financial professionals.

With a REIT, all of the money is going to be invested in real estate. The REIT owns the property, and you don’t have to worry about handling the landlord duties.

One advantages of Fundrise is you can start investing with as little as $500. With other real estate investments, you’ll have to have a lot of money saved up to start, but Fundrise lets you get into the real estate business with just your Christmas bonus money.

While Fundrise can’t predict the future, and you never know how well the investments are going to perform, they do have some great returns in the past. In each quarter of 2017, they have posted returns between 9.65% – 10.88%.

Obviously, these are much higher than you’re going to get with most other investments.

They have several different types of accounts you can choose from:

  • Self-Directed IRA
  • Goal Based Investing account
  • an eREIT
  • an eFund

Each of them has different pros and cons you’ll need to consider when you’re looking to get in the real estate investment game.

3. Store your money in a  High Yield Savings Accounts

Ace Cash Flow – I was pretty amazed at how high the interest payments were on my online savings account. I have received much more from these type of savings accounts than savings accounts opened at standard banks. An example is Capital One 360 savings account. It’s an excellent online account and pays a decent amount of interest.

With Capital One 360 you can even create up to 20 sub accounts right online. Create plans for vacation or school or any other project you want to add a special savings account name for. Pretty cool!


Savings accounts might be the most boring investment ever invented, but they are also the safest. If you are used to your run of the mill bank where you can walk in and talk to someone, then you probably think the interest earned hardly qualifies as income.

Online banks hit the scene in the late 1990s and have been able to provide much better interest rates to their clients than their traditional cousins. Now, you can get savings account rates that are as good as a CD without locking in your money for several years.

This is also a great option to stow away your cash and create a little passive income while you are looking for a more lucrative investment option

4. Try out Investing with a robo-advisor or simular

Putting money into an account and letting an algorithm manage the investments is about as passive as you can get. Robo-advisors like Betterment allow you to set your willingness for risk in the market and then manage the account for you.

The algorithm will do all the work for you and keeps your portfolio balanced. The fees are very reasonable and much less than with an account managed by a person. There are currently two main players in the robo-advisor game:


I have been a long time supporter of betterment and even did an interview with their CEO in my Betterment investing review. Similar to Wealthfront, Betterment is great at reducing any taxes you have to pay on your investments and they work with you to give you the best financial advice through their algorithms. Unlike Wealthfront, you can actually talk to a human being if you want to. Betterment charges the same fees as Wealthfront, but does not wave the fee on the first $10,000 you invest.

My personal experience with Betterment is that their platform is really slick and the investments are very sound. I don’t think you can go wrong with either service, but if I am investing a large sum to create a passive income investment, then I would go with Betterment.


My original evaluation of Wealthfront found them to be just OK, but they have made great changes over the last couple of years that make them even or better than Betterment for many people. Their strategy for reducing your tax burden is very well planned out and they have show to be competitive with any robo-advisor on the market. Their new PATH platform gives you a comprehensive view of your finances, putting them on part with Mint or Personal Capital.

What really sets Wealthfront apart from the others is that they charge you no fees for the first $10,000 that you invest with their service. This is a big deal for small investors who want to see their initial investments have the largest impact possible.


5. Check out index funds. It could work out for you

Index funds are a type of mutual fund that provide you with a way to invest in the stock market that is completely passive.

For example, if you invest money in an index fund that is based on the S&P 500 Index, you will be invested in the general market, without having to concern yourself with choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.

E*Trade is our recommended online broker for buying index funds. They make the research and process of investing into different funds very easy.

We recommend them over other options because if you ever start to look at other types of stock or mutual fund investments (see #5) you already have the account set up and it is easy to move your money over. On top of that the cost to get your account going is super cheap and the cost per trade very affordable.

If you are not familiar with them, check out more details in our Trade King review. They have become one of my best accounts for investing.

With any broker you are free to choose a fund that is based on any index that you want. For example, there are index funds set up for just about every market sector there is – energy, precious metals, banking, emerging markets – you name it. All you have to do is decide that you want to participate, then contribute money and sit back and relax. Your stock portfolio will then be on automatic pilot.

If you are looking toward retirement with your money then we would look at opening a Roth IRA. It will shield your savings from any future taxes and you can withdraw all earning tax free once you hit 59 1/2. It is one of the best ways to save money for retirement.

6. Make money doing things you already love doing

Yes, you can make some money doing some of the things you’re already doing.

For example, InboxDollars allows you to make money by searching the web, shopping online, playing games, and more! Swagbucks also allows to to make money doing similar activities. It’s amazing. Take advantage of the compensation plan on each of these websites and make some extra money!

You can also make your own schedule with Uber and pick up extra income by driving others around when you are already out and about anyway!

7. Get cash-back rewards on credit cards

If you’re already using credit for some of your purchases, pursuing credit card rewards is an absolute no-brainer. Most top rewards cards let you earn anywhere from 1-5% back on your money, and that’s with almost no effort on your part!

If you’re already using credit for convenience, you can also earn a huge sum of cash in the form of a signup bonus. The Chase Sapphire Preferred® card offers one of the best opportunities out there. After spending just $4,000 on the card in 90 days, you’ll earn 50,000 points worth $500. On top of that, if you add your spouse as an approved user, you score an extra 5,000 points. That works out to 59,000 points for just $4,000 of spending you were going to do anyway.

Even people who don’t spend a lot can normally put that much on credit if they charge regular bills, groceries, gas, insurance, and all of their other expenses on a regular basis.

Our post on the top six cash back credit cards for 2017 offers an array of additional options to consider as well. With the right card, you could earn anywhere from 1-5% back on your money with almost no effort on your part.

If travel is your thing, we have seen people who are using bonus offers on travel rewards credit cards to save thousands of dollars on travel each year. You can really score big with these deals.

8. Use your skills as photographer and put it to work

Do you like photography? If you do, you may be able to convert it into a passive income source. Photography websites such as Shutterstock and iStockphoto can provide you with platforms to sell your photos. They may offer either a percentage or a flat fee of each photo that is sold to a site client.

In this way, a single photo could represent a residual income opportunity, since it can be sold again and again. You simply need to create your photo portfolio, put it on one or more photo platforms, and then the activity becomes completely passive. All the technicalities of the photo sales are handled through the web platform.

And yes, that’s me in a stock photo you can purchase from My wife is a good photographer and has uploaded a few hundred photos to their platform and makes a good monthly residual income from it.

9. Write an ebook

Ace Cash Flow – I’ve writted a few eBooks and if marketed correctly, they can be an excellent passive income asset. Use your expertise and put it in the form of an eBook. After you create this asset it will be yours forever! And the great thing about eBooks is they never run out of copies! It’s digital so production costs are pretty low!

This can be a lot of work upfront, but once the ebook is created and marketed it can provide you with a passive revenue stream for years. You can either sell the ebook on your own website or offer it as an affiliate arrangement with other websites that provide content related to your ebook.

After speaking to sever ebook authors, many of the tell me that the time spent putting these books together feels like finding free money by the passive stream of income they have today.

10. Sell and create your own products to sell online

Ace Cash Flow – Nothing works better than creating and selling your own product. We discussed affiliate marketing in a different post as well as network marketing too. But, if you’ve got your own product,,the ROI will be much higher than affiliate marketing!

The possibilities here are endless – you can sell just about any product or service that you like. It could be a product you have created and can manufacture on your own or it could be digital in nature (such as software, DVDs, or even instructional videos).

You can set up a dedicated website for this product or service, unless of course you have a website or blog already in place. Alternatively, you can also sell it on an affiliate basis, either by offering it direct to websites and blogs related to your product or service, or through a platform such as ClickBank.

If you make a lot of money in your current job and you’re not sure that you can make a similar amount by selling products online, think again. Awhile back, I interviewed Steve Chou from In our podcast interview, Steve explained how his wife quit her job to become a stay-at-home mom.

Now, being a stay-at-home mom is a full-time job – but Steve Chou’s wife also started an online business that replaced her former salary and started bringing in a six-figure income! Wow, right?

You can learn to sell products online too and make quite a bit of money. While it’s not entirely passive, it’s certainly more passive than getting up and heading out the door to work every morning!

11. Invest in real estate and properties

This probably falls more in the category of semi-passive income, since an investment in real estate is always at least a little bit of an active venture. Still, once you have an investment property that is established and fully rented, it’s mostly a matter of managing the property and keeping it performing well.

Additionally, there are professional property managers who can manage your property for you, usually for around 10% of the monthly rent. This professional management can make the investment much more passive, but will take a bite out of your cash flow.

According to Brandon Turner, an active real estate investor and co-host on the popular BiggerPockets Podcast,

“The key to success with rental properties is buying smart. Not every investment property is going to provide a good return or prove to be passive. Understanding how to analyze potential real estate opportunities is incredibly important. As the old adage goes – you make your money when you buy!”

Another benefit of investing in rental properties is the loan pay down. If you obtain a loan to buy the property, each month your tenants are paying off part of the loan. Once the mortgage on the property has been paid off, your cash flow will increase dramatically, allowing your mediocre investment to skyrocket into a full-fledged retirement program.

It wouldn’t take many paid-off properties to provide a pretty great, and mostly-passive, future for you and your family.

12. You could also make YouTube videos

This is a venture that is growing rapidly. You can create videos in just about any area that you like – music, tutorials, opinions, comedy, movie reviews – anything you want . . . then put them on YouTube. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads. When viewers click on those ads, you will earn money from AdSense.

The keys will be to create compelling videos, to promote those videos on social media websites, and to create enough of them that your income will be coming from multiple sources. There’s a good bit of work that goes into creating videos, but once a video is done it can become a completely passive cash flow source for a very long time.

Don’t think you can find success with YouTube? You sure can. Emily Eddington used her love for makeup and YouTube to quit her full-time job. She has received over 66 million views on YouTube. This former morning news anchor took her passion – makeup – and turned it into a phenomenal success.

13. Buy a blog or a website.

Ace Cash Flow – Think of this like flipping houses except it’s flipping websites! You could buy into an online asset already created. It takes time to create blogs like this one here at Purchase a website is an excellent idea if you don’t want to have to build it yourself!

Thousands of blogs are created every year, and thousands are either completely abandoned by their owners sometime afterward. If you can buy blogs with a reasonable amount of web traffic – as well as a demonstrated cash flow – it could be a perfect passive income source.

Most blogs employ Google AdSense, which provides a monthly revenue stream based on ads that Google places on the site. There may also be affiliate programs generating additional revenue. Both income sources will be yours once you purchase the blog.

From a financial perspective, blogs usually sell for 24 times their monthly income. So if the site generates $250 a month in income, you can likely buy it for no more than $6,000. Translation: a $6,000 investment will buy you $1,500 per year in cash flow.

You may even be able to purchase the site for less than 24 months earnings, if the site owner is particularly anxious to get out. Some sites have good “evergreen” content that will continue generating revenue even years after the site has gone silent. So a simple $5000 investmentcan net you ongoing passive income.

Bonus tip: If you were to buy such a site, and then to reinvigorate it with fresh content, you may be able raise the monthly revenue enabling yourself to sell the site at a later date for substantially more than what you paid for it.

Finally, instead of buying a blog, you might want to create your own blog. My blog currently generates a nice passive income stream from content that I published years ago. It’s by far one of the best business moves I’ve made.

This guide will show how to make your first $1,000 from blogging. You’ll find access to our free Make 1k Challenge which is a free email course that walks through the steps to start your first blog and make your first $1,000.

14. Pay off a credit card (or two or three)

Reducing a fixed expense is the financial equivalent of creating passive income. This is certainly true when it comes to credit cards. Let’s say that you owe $10,000 on a credit card, on which there is a monthly payment equal to 2% of the balance, or $200 per month.

By paying the card off, you’ll be free up $2,400 per year in cash flow that would’ve gone to the monthly payments.

That’s like getting a guaranteed 24% return on a $10,000 investment. Good deal?

You can speed up this process by transferring your current balances to a 0% APR card. You can usually get the promotional rate for 15 months or more and supercharge your credit card payoff.

15. Write a book and collect royalties

Much like writing an ebook, there’s a lot of work upfront. But once that’s done, and the book goes into the sales stage, it becomes a completely passive venture.

This is especially true if you can sell the book to a publisher who will pay you royalties for the distribution and sale of the book. You’ll get a percentage of each sale made, and if the book is fairly popular, the royalties could be substantial. Just as important, the royalties can continue flowing for many years.

Mike Piper from did just that. He wrote a book, Investing Made Simple, which was sold strictly on Amazon. He had decent success with the first book that he created an entire series of book. Those books now net him over 6 figures per year in residual earnings. Not too shabby.

16. Set up a website selling a product

If there is a product that you are particularly knowledgeable about, you may be able to sell it on a dedicated website. The technique is similar to what you would use for your own product, except that you will not to be concerning yourself with product creation, but only with the sale of someone else’s product.

You may even find after a while that you are able to add other products that are related. Should that happen, the site could generate substantial revenues.

If you are able to have the product drop shipped to customers directly from the manufacturer, you won’t even have to get your hands dirty. That may not be 100% passive, but it’s darn close.

17. Invest in real estate investment trusts (REITs)

In #10 we talked about investing in real estate. But let’s say that you want to invest in real estate, but do it in a truly passive way. You can do that through a real estate investment trust. This is something like a mutual fund holding various real estate projects. The fund is managed by professionals, so you never have to get involved.

One of the big benefits of investing in REITs is that they typically pay higher dividends than stocks, bonds, or bank investments. You can also sell your interest in a REIT anytime you like, which makes it more liquid than owning real estate outright.

18. Become a business silent partner

Do you know of a successful business that needs capital for expansion? If so, you can become something of a small-time angel investor and provide that needed capital. But rather than offering a loan to a business owner, you can treat this as a business opportunity and take an equity position in the business.

In this way, the business owner will handle the day-to-day operations, while you will act as a silent partner who also participates in the profits of the business. You will probably want to look at some business credit card offers in order to get a feel for how to manage your business finances while keeping tracking of how your partner is handling everything.

19. Become a referral source

Every small business needs referral sources in order to maintain sales. Make a list of small business providers that you use on a regular basis and feel you can recommend to others without reservation. Then contact the owners and see if they have any kind of cash referral marketing offers available.

You can do this with accountants, landscapers, electricians, plumbers, carpet cleaning services – the list is endless. Keep a list of these businesses, and be ready to refer them to your friends, family and coworkers. You can earn a fee on each referral just from talking to people.

Don’t overlook referral programs at work either. If your company offers a referral bonus for either new employees or for new customers, then take advantage of that plan. It’s easy money with virtually no work.

20. Rent out unused space with Airbnb

Airbnb is a concept that has only been around for a few years, but it has exploded around the globe. Airbnb allows people to travel all around the world and to stay in accommodations that are a lot less expensive than traditional hotels. They do this by staying with participating Airbnb members who rent out part of their homes to travelers. By participating in Airbnb, you can use your residence to accommodate guests and earn extra money just for renting out space in your home.

Paula Pant, cubicle renegade took a stab at making extra money renting out locations exclusively through Airnbnb. Her Airbnb experiment netted her an extra $19,000 in revenue and 1 police visit! 🙂

How much you will make will depend upon the size and condition of your home and your location. Naturally, if your home is located in a high cost city, or close to a popular resort, your income will be much higher. It’s a way of earning money on space in your home that might just be sitting empty otherwise.

21. Build an app

Apps can be an incredibly lucrative income source. Think about how many people today have smartphones. Come on, it’s just about everybody! People are downloading apps like crazy – and for good reason…

Apps make people’s lives easier. Whether it’s an app that helps people put together nice pictures for their blog or an app that keeps track of tasks, there are helpful apps out there for everyone.

You might be asking if there are so many apps out there, why would you want to attempt to create an app? Isn’t there a lot of competition? Well, yes, but fresh, creative ideas can win. If you can come up with something unique, you can make quite a bit of money. Simple – yet unique – apps can be pretty passive.

Don’t know how to code? No problem. First, you can learn. Check out Nathan Barry’s success in his inspiring article, How I Made $19,000 on the App Store While Learning to Code. Nathan also put his design expertise to work in an ebook teaching others how they can design their own apps.

Second, you can hire a developer to build your app based on your idea. This could end up being an expensive option, although it will probably yield a professional-looking app.

The end result is an app that has the potential to make you some relatively passive income. Don’t downplay the idea to build an app – it’s a good one!

22. Create an online course

Everyone is an expert at something. Why not create an online course about your passion?

My buddy Ramit Sethi at is an expert at creating online courses. He has made an insane amount of money selling his lessons. Most people would be happy making a fraction of what he makes online.

There are a number of ways you can produce and host your own online course. One very simple way is to use a website like Teachable as over three million students and is a great way to get your content in front of others for their consideration.

Once you create an online course, it can work for you while you sleep!

What do you put in your online course? Good question. You can add video lessons, checklists for completing steps you recommend in your video lessons, small ebooks to supplement the lessons, audio files for people listening while traveling, informative interviews with likeminded experts, and a whole bunch more!

In fact, you can create several packages at different price points. Some people will want everything, so you can include ‘the works’ for the highest price point and then have two lower price points so that you can receive the largest possible volume of orders.

23. Make an online guide

If writing articles or creating videos isn’t your thing, and you want to make money online, try creating an online guide.

A good example of this comes from Pat Flynn’s website, On the website, he has a map of the United States that allows someone to click on any state to see the security guard requirements for that state.

By providing specific information in a guide-like format, you can make money through some of the means already addressed: advertisements through Google AdSense, affiliate links, and even memberships you can sell from your online guide. It’s a fantastic idea!

24. Outsource most if not all of your business needs

If you’re spending too much of your time on an existing business running it yourself, why not outsource most if not all of your tasks? Yes, it will require you to give up some control, but in many businesses it’s the only way to free up your time so you can focus on other tasks that will result in more income.

If you don’t want to hire employees, consider hiring freelancers who work as contract laborers. Look for freelancers with a strong work ethic who provide quality results.

Here’s a list of tasks that you might want to outsource:

  • Bookkeeping
  • Writing
  • Web design
  • Editing
  • Task management
  • Social media marketing
  • and so much more!

Yes, many people can turn their existing businesses into passive income businesses. As long as the main product or service isn’t something only you can do, you can transform your business into a passive moneymaker.

25. Try affiliate marketing and make sales

This is a passive income technique that is better suited to people who have blogs and active websites. You can sign up to promote certain products or services on your site, for which you will be paid either a flat fee or a percentage of the amount of the sale completed.

This isn’t as hard to do as you might think, since there are thousands of companies in the world who want to sell their products in as many places as they can.

You can find affiliate offers either by contacting vendors directly, or on dedicated websites, such as ClickBank. It’s always best if the product or service is one that you are either very interested in or is highly relevant to your website.

26. Purchase high dividend stocks.

By building a portfolio of high dividend stocks, you can create regular passive income at an annual rate that is much higher than what you get on bank investments.

Just as important, since high dividend stocks are stocks, there is always the potential for capital appreciation. In that way, you can earn passive income from two sources – dividends and capital gains.

You can make this process very easy and affordable by opening an account with Ally Invest. They have one of the lowest fees for each trade and have been a long time top brokerage.

If you are interested in other brokerage accounts we have provided a good write up of all the different options.

I’ve purposely provided a long list of passive income ideas in the hope that there is something on this list for everyone.

Have you tried one of these or are you thinking about trying one of these ideas now? Leave a comment! I look forward to hearing from you.

To Sum It Up! Our Conclusion

Doesn’t this sound so much better than simply working hard for every single dollar? There really is so many great ideas to generate passive income. Many of these tools could work for you if given a shot. Always keep in mind that “earned income”, also known as active income”, is taxed at a higher rate.

Not only will you work harder for that active income but you’ll be taxed way more. Like Robert Kiyosaki says, focus on finding and acquiring income generating assets. If you do this you’ll be well on your way to building wealth! We’ve put a great list here for you and all you gotta do is Do It!

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11 Ways I actually Earn Passive Income

Passive income was a new terminology while I was in college. I didn’t even know what it meant or where it came from. I soon figured out that it was one of the most important type of incomes that existed. It was the type of income that would soon set me free.

So what exactly is passive income?

Passive income in my own words:  Income that comes to you every week or every month things like rental properties, portfolios, or intellectual properties. It is income that, after it’s built up, puts money into your bank account probably for the rest of your life. It is also income that no longer requires your direct involvement. Income that will work hard for you no matter what.

Now what’s strange to me is that I had always thought that in order to earn money you had to put in time. In other words time was equal to money. I now know that is not true. Of coarse you must put in the time to build a business or create a source of passive income. But once the asset is created, you now go on to create another asset that will do the same thing. I’ve since learned that every dollar has the potential to go out there and find another dollar. And because of this I have been able to create multiple streams of income that will send money my way every month no matter what!

So here it is!

11 ways I actually earn passive income

1. Intellectual Properties.

So what exactly is an intellectual property? It is something that you’ve created with your mind. An invention derived from creativity. It could be a design or a book. It also could be songs you’ve written, a patent or a trademark of some sort. These all fall into the category of intellectual properties.

My intellectual properties are:

  • Books that I have written.

I currently earn a decent amount of money from books that are currently on sale at places amazon. While it took me a long time to write these books,  now that they’re published I will continue to earn income every week when someone purchases them online.

  • Songs I have written.

Yes I am a song writer and have written many songs over the years! Since I own the rights to these songs I’ll continue to get paid every time they are played on the radio. This includes places like spotify, pandora, Sirius XM. It is an asset that will continue to generate income for years to come.

2. Affiliate Marketing

What is affiliate marketing and how does it work? At it’s core, affiliate marketing is based on referrals. An example of this is: You own a blog and you promote a product on your website. No you don’t on the product. If someone were to purchase that product from say, amazon, you would receive a commission of up to 10% of the sale.

You refer people to products and services that you’ve tested in order for them to buy them. I have been an affiliate marketer for more than 10 years and it continues to pay me every month

3. Paper assets

Paper assets are things like Stocks, Bonds, and Mutual Funds. When done correctly, you can hedge investments and earn passive income from stocks. I have set up a direct link between my bank account and various paper assets to invest a certain amount each week. I use service like Acorns to automate my investments efforts into specific portfolios. Additionally, I follow certain stocks in order to take calculated risks.

4. Rental Properties

Rental properties have the potential to bring in loads of money! Rather than buy and flip a house, we purchase properties and rent them out. Our focus here is cash flow rather than capital gains. We use the banks money to finance the property and then our tenants pay the mortgage while we get to keep the asset! Sweet deal right?!

Again the idea here is monthly cash flow. Even if our property loses value due to market volatility, the monthly income continues to come in. In fact, when the housing market goes down, we get even more renters looking for a place to stay.  If done correctly rental properties can be an enormous asset.

5. Blogging

I’ve always been a big talker. Someone once said maybe I should right that stuff down. Or better yet, share you experience and expertise with others. That’s where blogging came in. I really didn’t earn any money at first, but after a while, say about a year, I started earning consistent money as a blogger. I could say now that blogging is close to being one of the top ways I earn passive income.

By talking about the things I love and my passions, I was able to turn my blogs into serious cash hogs! The primary tools with my blogs are Affiliate Marketing.

6. Google Adsense

Google adsense has been around for some time now. It is a top earner in my online businesses. Here is adsense in a nutshell:

On one side you have what is know as an advertiser. These advertisers have a product they want to sell. Sitting right in the middle you have Google.  And on the other side you have Publishers or bloggers like myself. The advertisers pay google on platforms like adwords and google will place those ads on publishers websites. When someone clicks on those ads, publishers like me get paid per click. If your website gets a ton of traffic, google adsense can easily become a substantial amount of money for you!

7. Selling a Product.

There endless types of products you can create if you really wanted to. I’ve created a product that is imported from China and sold on amazon. It really wasn’t that expensive to make the product either. Basically you want to create a product that solves a very specific problem. If you’re solving their issue, they will buy your product! Simple as that!

8. Purchasing Websites

I got in to purchasing websites about 2 years ago. On websites like Flippa, I was able to find websites people wanted to get rid of. I would buy them and then turn them into a profit. Rather than spending the countless hours creating a blog like this one here:), you can buy into a creation and make it better. Make it your own. I think this is an excellent Idea if you’re afraid to create your own blog. Find a site that a niche that you’re interested in see if you can keep the traffic coming in and turn it into a profit!

9. Invest in Peer-to-Peer lending.

Peer to peer lending has grown quite a bit over the last 5 years. It’s an excellent way to grow your portfolio of passive income! With this type of lending you can invest in small businesses as well as people without a “regular” bank involvement. The income you receive will come from interest payments on those loans. Sites like Lending club and Funding Circle are great for safely facilitating these type of loans.

It will however, require an upfront investment of a certain amount of cash. Even still, it’s pretty good and I still earn with these types of loans. Maybe you should give it a try!

10. AirBnB

My partner and I own a home in a college town that we use specifically for Airbnb. It has brought us quite a bit of dough over the last 3 years. The great thing with this is that we almost never go vacant with any of our rooms. We actually earn more with renting out the rooms separately than we would if we rented out the entire house. And people are still calling for vacancies!

It wasn’t too difficult to get into. I do advise to get a house maid or something similar to keep the property in check. We’ve had a few small things broken before. People tend to be messy quite messy as well. Still, it’s a solid investment. Just be sure to hire a maid or house keeper!

11. Small Business

We believe that building a business is the best way to earn passive income. Our blog here at ace cash flow is part of a larger business structure I’ve created. Although it takes time to create, and there are plenty of set backs, a business that finally turns to profit is an amazing accomplishment. Your business will continue to bring in profits without your direct attention.

A successful business is one that doesn’t need the owner or creator in order to continue to profit. Building a business is not the easiest thing to do and most will fail in five years. But, if you abide by certain “solid” business principals, you stand a chance at being very successful. In the end, you’ll be very glad you built it!

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Become An Entrepreneur in 13 weeks

Become An Entrepreneur

If you’ve already made a decision to become an entrepreneur we’d like to welcome you to the big thinkers club! The future will belong to the job creators and business owners. But this is more than simply being your own boss. And it’s even more than just making yourself financially free. it is more about you doing something that creates value in the market place. If your focus is to provide value than you will stand a good chance at becoming a great entrepreneur.

As our world gets smaller and smaller, becoming an entrepreneur is a solid way of taking hold of the future. We said in an earlier post that creating your own business an brand building might not be as risky as a safe and secure job. Since the 2007 American crash, the job market has been increasing volatile while becoming an entrepreneur has become increasingly attractive. We’ve put this post together to give you a simple step process to making this goal happen.

Here we discover how to become an entrepreneur in 13 weeks or less.


Become an entrepreneurMany people have found that the job they seek and the job they thought was waiting for them  doesn’t really exist. Others have therefore come to the final conclusion that they’d rather create the type of job and the type of work they love. A business or job that fits within their own personal life vision and life goals. But what ever the reason you’ve decided to become an entrepreneur, you can most certain start basically today

So how do we actually create a business around the things we love? And how fast can we do it?

In order to succeed at becoming your own boss you must understand it will take hard work and dedication. I know this is pretty obvious but fear not. If you’re creating a business around something you love then being dedicated won’t be a problem at all. You’ll find that you’re willing to work that much hard because it is something you love. Something you’re interested in.

Moreover, you stand to learn more than you could ever imagine by starting and running you’re own business. Although you may feel that this is too hard, we believe this not to be the case. In theory at least. Most all types of business have already been created so no need for you to recreate the wheel.

Remember that passion and a positive attitude will set you apart to  become an entrepreneur. Your mindset will be key. If you get into with the right mind set and focused goals you can make it happen. So take action! Don’t delay or procrastinate on your vision. Just do it and you will see that when you take the first step, the second step will appear.

The road has already been walked and they way to do it has already been set. Below are some proven strategies by “Action Trumps Everything –” to becoming an entrepreneur in no time at all.


Paul B. Brown contributor

We have argued from the very beginning that everyone will need to develop entrepreneurial skills to thrive in the years ahead. Given how fast the global economy is involving and the number of jobs—and indeed entire industries—that are disappearing you simply have no choice.

And we have explored in depth the thought process you need to follow when dealing with all the uncertainty we now face.


* Determine your desire, i.e. you begin by figuring out what you really want to have happen. Then

* Take a small step toward finding or creating something that will allow you to capitalize on that desire. From there

Learn from taking that small step.

Build off that learning and take another step. Then

Learn from that one…and so on


Become an entrepreneurWe believe that these elements will support a smart strategy for any new enterprise. The idea of taking baby steps might seem a bit counter intuitive, but there’s much to learn to become an entrepreneur.  Keeping your tasks focused and small enough to do consistently every day will be the single determining factor of success.

Many entrepreneurs have a really big vision and really big goals only to take on too much at one time. Jumping all in is rarely ever successful. Risk management is an essential factor in any start up business. You can absorb losses more easily if you take smaller risks in the beginning.

This way of thinking will only create failure. Persistence and consistency will win you over in the long road. Try to keep your task simple, small, and easy to do every day. The way would look something like this:

Try – Fail – Try – fail -Try -success. You can see here that failing will probably be your biggest teacher to become an entrepreneur. Try again with the new information from failing and you will eventually succeed.


It’s a model that we call: Act. Learn. Build. Repeat.

We have taught this approach in our Just Start course ( Tom McDonough (, one of the participants in our course, has taken our ideas and built on it. He argues—and we believe him—that it is possible using this approach that anyone could develop an entrepreneurial mindset in 12 weeks. And he is in the process of creating a course of his own to show people how to do just that.

“Developing an entrepreneurial mindset is key to successfully managing one’s career in this time of rapid market change and the uncertainty it brings,” Tom says. “Yet many people aren’t cut out to be entrepreneurs in the sense of running their own business, so how can they develop the entrepreneurial mindset? The only way to develop it by doing―using the act, learn build repeat model.”

Here’s what we take from the underlying premise of Tom’s course.

1. Everyone is, or can be, expert in something. Or

2. Many of us can make things, or have ideas for a small service we could offer.

Given those two insights, the question is whether that thing, service or expertise is valuable enough that some group of people will pay you for it. If so, how do you get started and find those people? And how do you offer that expertise at a cost to you of less than what you get paid for it?

You might, for example, offer a course on Or write a short manual and self-publish on Amazon. Or if it is a thing, you might produce it and sell it on eBay. And it doesn’t even have to be something you produce yourself. One woman we know has a nice side business inventorying and reselling old Cuisinart parts on eBay.

To Tom, it really doesn’t matter how big the idea could become, the key thing is to get underway to prove to yourself a) You can do it and b) whether you like the idea of starting and running something.

How might this work? It is not as hard as you think. To remain motivated Tom’s suggests you do this with a few friends who mutually commit to supporting each other. Each person:

  • Determines an acceptable hourly wage for him/herself.
  • Commits to creating a business that at the end of 12 weeks that:
  • Runs on a couple hours of effort
  • Yields profit equal to or exceeding the acceptable hourly wage
  • Can be shut down easily.

And you get underway “asking the question what could I start that could, within 12 weeks, begin to generate a modest profit ($250/wk. or $1,000/mo.) Just enough to make you a believer,” Tom says.

At the end of 12 weeks you will have shown you can get a company up and running and can sell a product. You may not want to continue, but at the very least, you will know that you can take action and produce positive results.

Again, it doesn’t matter if there is only a small market for what you want to do. Tom is trying to help you prove to yourself that you can be an entrepreneur. To do that, you simply need to start a profitable business. Any size proves the point that you can do it. There is no reason to require that your first business be a blockbuster. Many successful entrepreneurs have failed multiple tiny businesses on the way to their success.

Think of this as learning exercise that will help you gain the skills you need to thrive in the years ahead, no matter what you end up doing. You can afford to do, because the stakes are low, i.e. they are within your Affordable Loss and because they are, you can have fun while you are learning.

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We believe the mindset you’ll need in order to become an entrepreneur is Bold! You are the big thinkers that keep the economy moving. So long as you are creating value in the market place you are becoming a business creator. Your job is simple. Find a problem that the market place has, and then create the solution to that problem. You will do this by creating your own product or service to solve the problem.

However difficult the journey, your business will stand a high chance of making money if you follow these principals. Nothing will ever be guaranteed, however, we’ve set out to give you the tools to make it a high probability that you will succeed!