If a person cannot prove it or say what they are doing, it does not help anyone. Anyone can talk or say that they have done something but how did they do it, (that’s what really matters).

Talk is cheap!!!

I read the Rich Dad books (all of them) in the summer of 2001. Now, summer 2007 at at 39 I am “out of the rat race”, no longer employed, and have been spending most of my time travelling the world (mostly Europe and Asia). It really can be done.

Now for the reality check. Throughout that last 5 years of work I was saving over 50% of my after-tax income, lived WAY (no really, WAY) below my means, single, no kids. I still have a small mortgage left to pay (less than $60K at 5.0% fixed) monthly payment $425? or so), that and all other expenses are easily covered by passive income. So I did it, but it was through radical savings and single-minded dedication to getting it done. It felt VERY good being able to give my old corporate job the ol’ middle finger.

My current goal is to get my life internationalized so that I am not required to remain in the US. I’m doing this for political reasons. My passive income is not from internet sites, network marketing, flipping real estate, or anything like that.

About the “forex trading” thing. I used to work on the floor of the Chicago Mercantile Exchange in Chicago, mostly in the currency pits. I *assure* you, forex is alluring because it seems so easy. *You will lose all your money*. No amount of expensive courses, software, or holy grails will allow you to beat professional traders unless you are willing to accept a minimum of 5 years, but maybe up to 15 years, watching the screens and losing money. If you make $5000 on your first forex trade, immediately close your account and enjoy your profits. Sorry, thats real world, I’ve just saved you alot of grief.

Dboy

Other than that I’m looking to build a monetized blog (not necessarily my current one), work on a cafepress store, and work on making jewelry out of a huge amount of beads I inherited. Also I’m looking at copywriting and forex trading as side businesses if not really passive — forex is definately not an immediate thing whereas I could start the copywriting up this year.

I think I need that personal productivity blog! Because there are lots of ideas there and I need to really deliver on some of them.

db
http://www.debtblitzkrieg.com

And in reply, to Micheal’s question, I have just recently started a website that I plan to have make money. And I was amazed at the myriad affiliate programs and adsense options there are. However, I believe less is more in this regard so I am being very cautious in adding them to my site or blog.

Now I would be interested to see what passive income sources people have, and how much time did they earn before get them.

I have some websites, and I’ve worked about 1 year, but is not to much money.