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Return On Time: Why No Income Is Passive

You know how sometimes, within a few seconds, an idea you had taken as true for decades is shattered to pieces? For example, when I was little, my dad told me the glass windows in churches were thicker at the bottom, because glass was actually a liquid. Just last week I told this to a friend. Well, two minutes ago, this false belief burst.

Some of these urban myths are more pervasive than others. Occasionally, even more people will fall for the lie than stumble into the truth. I think passive income might be one of those extreme cases.

Today, we’ll debunk this concept, and replace it with a better one.

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How To Start A Passion Project One Day At A Time

When people sign up for my newsletter, they instantly receive an automated email that asks them: “What’s one thing you struggle with?” Some consider this a marketing trick, but for me, it’s a once in a lifetime chance to talk to readers, say hi and try to help them however I can.

Nevertheless, it does have a research benefit to it: I see which problems keep coming up and what bothers my audience the most. I’ve written so much by now, that most of the time, I can recommend a particular resource for any given issue.

No time to read? Take my free course. Issues with productivity? Gotcha. Can’t google stuff? Wrote a book for you.

Recently, one question kept coming up, which I found myself unable to send people a resource for. It’s a question about projects. A question about starting. Here are three reader responses, all from this week, aimed at it:

“I want to start a business, but hardly have the money or the idea for it!” –Vishal

“I started learning magic tricks long ago, but I never take the time to share my tricks online. There are a few on youtube and I really wanted to share more.” –Flavien

Being disorganized and lacking focus. I’m a certified NLP trainer and looking to start my own business as a Learning Coach for children. Yet I spend my days on chores, cooking and computer based admin stuff.” –Megan

Can you spot the question? Here’s the one I see: “How do I start a passion project?

Today, I’ll do my best to answer it. But first…why is it that question?

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Investing For Millennials: How To Really Go For Financial Freedom

Last week I accused my fellow millennials of not preparing for their financial future. But pointing fingers is easy. So this week, we’ll do something about it. In fact, I have been doing something about it for quite some time.

I started investing 25%+ of my monthly income in January 2015, and have since been growing my money at just under 7% compound annual growth rate.

But I never could’ve done it without the advice of several personal finance books, which are what I’ll draw on this week to present to you: my guide for investing for millennials. I think this is one of the most practical approaches to reach financial freedom.

Of course this isn’t just for millennials, but it does help if you have time on your side. When I look at how I’ve gotten to the point I’m at right now, it breaks down into seven steps:

Let’s walk through them.

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Dear Millennials — A Letter To The Lost Generation

“You are all a ‘génération perdue!’,” the garage owner shouted at the young mechanic, who couldn’t fix Gertrude Stein’s car fast enough.

Dear Millennials Car

“That is what you are. That’s what you all are … all of you young people who served in the war. You are a lost generation.”

Stein later told the story to her dear friend, Ernest Hemingway, who’s largely responsible when historians today refer to those born between 1883 an 1900 by said name.

What Hemingway alluded to in The Sun Also Rises isn’t lost in the sense of gone, missing or forsaken, but disoriented, wandering, directionless — a recognition that there was great confusion and aimlessness among the war’s survivors in the early post-war years,” as Samuel Hynes points out in A War Imagined.

When I look at my generation of fellow millennials, I can’t help but feel as if history is about to repeat itself.

Hence, this open letter.

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Liquid Sleep: How To Get More Out Of Life By Staying Up Longer

Last June I bought a Garmin Vivosmart HR activity tracker, primarily for two reasons:

  1. My daily step count is visually present to me at all times, which makes me more likely to get those 10,000 steps.
  2. If I sit for longer than an hour, it vibrates and nags me to get up and move. Since sitting is the new smoking, I think moving regularly might be more important than moving a lot.

While I happily would’ve shelled out 125 € for just those two features alone, there are a few other perks to wearing one of these around the clock. One of them is sleep tracking.

What I’m about to say as a result of it is not going to be popular and it’s definitely not politically correct. At the very least though, it’s food for thought.

For the past five months, I’ve been sleeping less and I think it’s the right choice. Let’s put that into context.

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The GaryVee Matrix: Your One True Way To Win

On 29th of September 2016, I moved to Munich. Two days later, my mattress still lying on the floor in the middle of my room, I went to one of the many college libraries at 11 AM and opened my laptop. I worked on Four Minute Books all day until 6 PM, before going home and assembling my bed.

GaryVee Matrix Bed

(yup, left it like this)

Moving to one of, if not the most expensive city in Germany was an all-in move for me. No more half-assing. No more part-time freelance, part-time writing. It’s all-in or nothing on two fronts:

  1. Getting a (free) graduate degree from one of the country’s best schools in my favorite city while saving money on tax and health insurance is my practical all-in.
  2. Paying my own way through it, without taking on debt, while going for a full-time writing career is my impractical all-in.

What’s surprised me is the ease with which I’ve catapulted my work ethic into high gear. Today, I’d like to give credit to the man, who’s largely responsible for it: Gary Vaynerchuk. Welcome to the GaryVee Matrix.

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I Wrote 500,000 Words In 2016, But No Book. Here’s Why.

500,000. That’s how many words I wrote in 2016. 1,370 per day. 450,000 of those went into summaries and content on Four Minute Books.

Add to that 12,000 words on this blog, another 15,000 words for Time 2 Read, Medium articles, a few long guest posts, work for clients, copy for landing pages, etc. and the half a million mark falls faster than you can say writer’s block.

Up to a million books are published each year in the US alone, half or more self-published by independent authors. When I first saw how much I’d written last year, I wanted to punch myself.

“Why didn’t you write a book, you idiot? Or 2? Or 5?”

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