I would guess most of us are still in the #1 or #2 of the list but still working down the list. I am in between #1 and #2 but have been for a long time, time to move down the list to be in full sign of #2

Thanks for a great post. Scott

Time as you might guess seems to be the limiting factor since keeping that roof overhead has to take precedence.

Do you have a favorite method for creating the passive income part. I would imagine that passive or not it still depends on your own skills and passions, but do you prefer one form of monetization over another?

@Cigar Jack – Heh, it is amazing what can be marked as a business expense. Definitely have the business pay rather than your own pocket. I would consider putting some money towards building assets too as I say in my most recent post.

@ReviewSaurus – Get into #3 asap but good to see you are moving in the right direction

@Jamaaludeen – Great tips

@Erica – Great to have a success story, gives the rest of us hope

@Sharon – Exactly, knowing where we are going and what we are doing to get there is key

@Jamaaludeen – I need to check them out, another to add to my list

@JC – Just take small positive steps, you will get there

@Curt – I have played the board game, have you ever tried it? I got burned with a MLM when I was a teenager so it put me off. I had great hopes that they would teach me sales as part of the deal but in reality they were treating us as potential customers for their training materials. Put me off investigating MLM things ever again.

@Jen – Outsourcing and subcontracting I will be looking at on friday Hope you enjoy the new installment today!

@Michael – I saw that when you posted it, in fact I linked to your post and posted about it from Codswallop I think

@Maria – Hopefully your efforts in #3 will provide you with the platform to do that

@Mandy – You don’t have to go via #2, but that is how most people progress

I am in #1, but I am working towards #2. The only problem is time again. If I am working hard at #1 then it is hard to find time to work on #2.

I think it is a case of patience and organisation, I will get there in the end. I just need to have an organised plan that I work towards (that I do have kind of) and be patient and not want everything yesterday!

It’s been awhile since I’ve dropped by, but it looks like I came at the perfect time. I’ve been seriously mulling over going to the next level – meaning I want to get to #2. Right now I’m in #1 & a little bit of #3. I have multiple streams of income – both passive and active – which has served me well. However, I would really like to cut my work week down by half.

Just like you, I definitely believe in multiple streams of income – especially if it’s passive income…

To get an idea of what he’s about, you can see this video of his I put on my own site because its message is so amazing. This isn’t paid or aff. or anything, I just really dig the guy.

One good reason for being your own man and letting money work for you is harsh demographics – the diminishing birth rates in the Western world means there will be fewer workers to pay for our old-age pensions. There just won’t be enough money to go around.

I am in #1, getting into #2 and nosing into #3 by way of MLM in IRL, the cheapest and surest way. Just ask Kiyosaki.

We wised up, hired subcontractors, and shortly moved to level #2. But it wasn’t until we put our money to work for us (graduated to level #3) that things started to fall into place quite nicely.

Now we have investments in Real Estate, other businesses, information products, books, affiliations, and some joint ventures like Jamaakudeen writes about

However, we did none of this ALONE. We heeded the advice of Millionaire-Maker, Loral Langemeier and learned to become Team-Made Millionaires. I get nothing for this pitch btw, I just want to pass along some vital tools: Loral’s books and seminars. Get Team Made Millionaire and TMM’s Cash Machine books wherever you get books, but go get them and then consider doing a workshop or her coaching and jumping into the game. Getting to level #3 with a team behind you makes the journey itself fun. It has also let me relax and blog just because I love it.

Firstly, minimising costs are always crucial for a business owner. One costs that is always high is the phone bill. I’ve managed to successfully market and co-ordinate a training seminar without making 1 phone call – all on Facebook and a few emails.

Secondly, I partner with other businesses is the same or similar industry, and give them the opportunity to sell my products to their clients or contacts. I offer very high commission to make it attractive, and this increases my client base with minimal prospecting efforts.

Good luck to all!

I used to fall in category no. 1 where I was making money from my own blog. But I can say that I realized this problem that I can’t keep on doing this for long so, I decided that I’ll aim at category 2 but I didn’t have much money with me, so I decided to contact the investor and got an investor behind me to start our blog company.

I’m sure there will be a stage soon, when I’ll jump in category 3 too.

Your blog rocks as usual!!!!!!!

The other 50% pays for my cigars on my site. I smacked myself in the forehead last night realizing I could probably write off all my cigar purchases.