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

Is Your Income Truly Passive?

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

Pat Flynn

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

4.9638 Ratings

🗓️ 29 April 2015

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today's question comes from Jeremy, who asks if my income is truly passive. Here are my thoughts on this great question. In the episode, I mention FoodTruckr (http://foodtruckr.com/). Do you have a question about passive income? Record it at http://www.askpat.com/.

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Transcript

Click on a timestamp to play from that location

0:00.0

AskPack.

0:07.0

Hey, what's up everybody?

0:12.0

Pat Flynn here and welcome to episode 332 of Ask Pat.

0:15.8

Thank you so much for joining me today.

0:17.5

All right, here's today's question from Jeremy.

0:20.7

Hi, Pat. My name's Jeremy Deegan, and I've been a dedicated listener since November of 2014.

0:27.2

I've listened to all of your SPI podcasts from the beginning, and I've just reached episode

0:32.0

100. I want to thank you for all of this wonderful content and value, and I just want to let you know that I started my journey this week and put up a website.

0:41.4

So it's been six to seven years since you started on your journey into passive income.

0:46.4

Your tagline is where it's all about working hard now so you can sit back and reap the benefits later.

0:52.3

My question is, now that it's later, do you still feel you've created substantial passive

0:57.4

income?

0:58.4

I know you love what you do and you wouldn't trade it for anything else and it gives you

1:02.5

time for your family, but is it truly passive?

1:05.8

In other words, could you easily plan to leave next month to travel the world for a year and still maintain the

1:12.4

business and live off of its income? Thank you again and look forward to hearing your answer.

1:19.4

Jeremy, thank you so much for the question. And first of all, congratulations on putting up your

1:23.2

brand new website. That's great. And secondly, thank you for listening to the show. I mean,

1:27.0

you're you're

1:27.5

already at episode 100 after listening for just about six months which is great and you have what

1:32.1

59 more to catch up on now which is pretty cool and so there will there will always be more content

1:36.7

for you and everybody else to listen to but hopefully this episode of ask pat will help you out

...

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