How Passive Is Your Income Really?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Strategy, Podcasting, Marketing, Online Entrepreneurship, Passive Income, Business Advice, Getting Started, Business, Small Business

4.9 • 636 Ratings

🗓️ 23 May 2016

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's question comes from Menasheh, who poses a hypothetical question: if I were to quit working today, how passive is my income? In this episode, I mention my income reports (http://www.smartpassiveincome.com/income-reports/). I also mention my boo, Will It Fly? (http://willitflybook.com). Do you have a question about passive income? Record it at http://www.askpat.com/. Today's sponsor is Freshbooks. Go to http://www.GetFreshBooks.com and enter "Ask Pat" for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	AskPath.
0:01.0	AskPath.com
0:07.0	.com
0:09.0	Askpads.
0:10.0	Hey, what's up, everybody?
0:12.0	Paflin here and welcome to episode 610 of Ask Pat.
0:15.0	Thank you so much for joining me today.
0:17.0	As always, I'm here to help you by answering your online business questions five days a week.
0:20.0	We have a great question today from Meneche, but before we get to his question, I do want to thank
0:24.8	today's sponsor, which is FreshBooks.
0:26.9	FreshBooks.com.
0:27.8	You know, it makes it super simple to do all your accounting on the cloud.
0:32.3	And this is just such a great solution for small business owners.
0:35.7	And it's really a joy to use. As soon as you try it, you'll realize just how much time you can save
0:39.7	dealing with your day-to-day paperwork.
0:41.9	For example, with invoicing, you can create and send perfectly crafted invoices.
0:45.4	It literally takes about 30 seconds.
0:47.3	Online payments, your clients can pay you online, which can really improve how quickly
0:51.0	you get paid.
0:52.5	And there's automated expense tracking, too, which is really cool.
0:56.0	So if you want to get a 30-day free trial, just go to freshbooks.com forward slash ask pat
1:01.8	and enter Ask Pat in the how did you hear about a section.
	...

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