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Monday, March 2, 2009

First Things First

Seeing that is my first post of this blog, I will try to keep it simple. I am sure a lot of people have heard the famous saying that goes, keep it simple stupid (KISS) but maybe not have understood its entire meaning.

This saying pretty much takes it back to the basics. It emphasizes that although things may appear to be complicated, they are pretty simple.

Many people who may see individuals who are living the good life and not trapped in the 9 to 5 rat race think they are doing something magical.

Its quite the exact opposite. If you want to eventually stop working your 9 to 5 job, you need to do one thing and one thing ONLY. You need to build passive income.

Passive Income? What the hell are you talking about?

If you are wondering what this is, its money that you make while you sleep, eat, watch t.v. or any other activity other than working. Many people attain passive income, and most of the time these people are the ones who are considered "rich". They constantly have time to do what they want and seem to enjoy life to the fullest mainly because they aren't renting their brains out for a yearly wage and working on things that they actually like to work with.

Examples of individuals who may attain passive income are

Authors (books they sell)
Musicians (CD's on the shelf, royalties, etc)
Real Estate Investors (rental income)
Sales people getting residual commissions.

For the normal folk who don't happen to have multi-platinum cd's or NY times best sellers, there are various ways to create passive income, the main one is through real estate.

Now I could write a book about real estate and how to make money from it, but thats another blog post. The one thing that you need to remember is that once you know what your monthly expenses are in a month ie) rent, food, beer, clothing etc... all you need to do is match those expenses with passive income.

IE) $3000 a month in expenses when matched with $3000 of monthly passive income = NO JOB.

With all this free time on your hand you can now look into other opportunites to increase your passive income.

Robert Kiyosaki, a famous real estate investor and best selling author of Rich Dad Poor Dad attained financial freedom by bringing in $10,000 of passive income and having expenses of only $3,000 a month.

Now that is living the good life. You don't have to be a millionaire, you just have to work smareter and not harder.

Thats all for the first post,

wishing you success and nuttin' less!



  1. This looks like its going to be a quality Blog and i wish you all the best for the future.

  2. I agree with what you are saying completely and am working toward this mindset currently. Although right now I seem to be at an in pass of thought and am blocked. Maybe we can chat and exchange ideas.

  3. Hi Rana,

    I read your comment on the Young Entrepreneur forum that you started your eBay business through I would love to hear your success story and there may be some free publicity out of it for you.

    Please help out by answering the following questions:
    1. What is your name, title, and company name?
    2. What does your company do?
    3. What problems and challenges did your company face before
    4. How did solve your problems?
    5. What were the quantitative and qualitative results from using successfully?
    6. What advice/interesting story can you share with fellow SMBs?

    Please send your response to me, Cliff Hsia, Marketing Manager for USA, at cliffhsia(at)