Passive income now is NOT a get rich quick scam!

Passive Income Distractions– What You Need to Watch Out For!

by MD on March 11, 2010

After not writing for a bit I’ve finally returned. Where was I? I guess you could say that I was plagued by passive income distractions. We all want to earn a passive income, but we’re simply too distracted with minutiae and daily nonsense.  Before I ramble on with my speech on productivity, let’s look at some passive income distractions that are hurting all of us:

1. Video games/television.

I’ve significantly reduced the time I spend on watching tv. However, I’m still not perfect. With someone always watching tv at home, it’s really easy to get distracted. You know how it all begins. You tell yourself that you will sit down for a few minutes and next thing you know, two hours have gone by. Video games and television are two huge distractions when it comes to trying to generate a passive income. Video games were eliminated a few years. Now it’s time to remove television from my schedule (except for UFC).

2. Information overload.

I’m pretty sure we’re all guilty of this. We feel that if we consume a lot of information that we’re on the right track. When I first started focusing on my passive income/online income, I think I read every single eBook in the world. I filled my mind with a 25,609 ideas. Do you know what happened? Nothing. I simply had too much on my mind. I then decided to take a deep breathe and start focusing on writing AMAZING content before I could worry about affiliate income or selling text links.

3. Being active instead of proactive.

Researching ways to make money online on random how-to get rich quick blogs is being active. Writing an amazing guest post for a top blogger or spending time on your next eBook project is consider productive. There is a major difference between being productive and simply active. The key here is that we need to learn how to realistically assess a situation.

Here’s your assignment: Take a sticky pad. Write down: Am I being active or productive? Stick it on top of your laptop or some where at eye level. Whenever you’re on the computer, take a moment to pause and reflect what the sticky says. After a few tries you’ll realize that you waste A LOT of time simply being active, when you could use that time to keep yourself productive.

4. Money consuming hobbies.

One thing I pat myself on the back for is dropping useless monthly overhead costs. I’ve kept the subscriptions that actually add value to my life and deleted the ones that are killing my budget. I find that we’re often distracted from generating an active or passive income because we have time/money consuming habits.  I know that I’m in no position to tell you what to do, but try to answer this: are there any hobbies that I could eliminate from my schedule/budget?

5. Visions of riches.

New blogger: I checked my Google Adsense account 18 times today and I still haven’t earned a penny! Screw this whole blogging and earning a passive income thing!

I know that we all want to make money fast. Sadly the dreams of making big money online is why many new internet entrepreneurs quit within months (or even weeks). If you want to make $5,000 in your first month online, press the X button, pull out a video camera, and make a sex tape with a celebrity. I really can’t think of any other way that you could make lots of money online with such little effort, in a short period of time.

Passive income will eventually come. Not today. Likely not tomorrow. It will come to those of us that stick it out and don’t give up.

Good luck everyone!

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