Ever since I read The 4-Hour Workweek by Tim Ferris, I’ve been obsessed with the concept of passive income. The problem wasn’t that I didn’t exactly know how but because I never actually started. I’ve decided to make that change and apply myself this year. And I’ve decided to share my journey.
Before I have a chance to create a steady passive income, I had to get real income to pay my bills. Although I have to work more than 4 hours per week, I did manage to get a job in January as an iOS Developer. I also managed to negotiate a sweet deal that allows me to work remotely. Given the opportunity, I immediately went on vacation to Osaka and Kyoto to de-stress after all the hard work and bullshit I went through in 2015.
After my short trip to Osaka in January, I decided it’s time to build on the foundation I have established. This job wasn’t exactly what I wanted but it gave me a lot of momentum towards my goals. I knew it wasn’t going to be easy to achieve my dream but like the post title says:
A journey of a thousand miles begins with one step.
And I’ve taken that step.
After trips in Kansai (Osaka & Kyoto, January), Tokyo (April), and Bangkok (June & July), I’ve gotten a taste of what it’s like working and traveling on my own terms. And the first thing I’ll say is how tiring it is, especially if you’re working full-time in a start-up. But I’ll also have to say that while it’s tiring, it’s also worth it.
Now that I have a salary that will take care of my bills. I can now focus on the second phase of my goal, to create passive income businesses that runs itself.
I will be posting my journey towards this goal on this blog so stay tuned! You will be seeing all my successes, step-by-step progress, and most importantly, my mistakes. Another goal of mine is to also create a community of like-minded people so we can all move towards a brighter future.
To quantify my goals:
- Create 3 businesses/passive incomes before 2017.
- Each venture earning $500+ USD/month.
- Post bi-weekly reports of my progress.