One of the things that I get asked a lot by people is how exactly do I bankroll this whole operation of mine where I travel and manage to afford to do so. Traveling is something that most people have to save up for and of course take time from work. I do things a little bit differently here, at least now I do, and my trick is really nothing revolutionary if you’re on the web a lot, it’s called passive income.
Passive income, a must have for any die hard traveler
So what exactly is passive income, to all those who have never heard about it, which would mean those folks who don’t spend a lot of time online. I’m pretty sure that “passive income” was a term coined with the dawn of internet, when folks started setting up websites, and various online business and making money off of them. Passive income in that sense of course means earning money via advertising on the website, or in my case through the sale of stock photographs on websites like the Shutterstock. The reason why the income is “passive” is because once you set it up, you don’t have to do much work for the money to start flowing in. In my case I filled out my seller profile on Shutterstock with info and photos and now I’m getting income from the sales all the time.
I guess you could also have passive income from things like renting out apartments, office spaces, getting interest payments on a huge pile of cash you inherited, or something like that, but I never heard people use that term, passive income, when referring to money made from aforementioned things. That’s basically how I make most of the money I need to get by, travel, and do the things I do. There’s some interior design consulting that I do from time to time, but most of my income is generated through passive income. I plan on setting up advertising on this website as well and that will be another stream of income. People also have Amazone stores, or do reviews of items sold on Amazon and get commission from that (affiliate marketing). There’s lot of ways you can make money while not having a 9 to 5 to bog you down. You just have to get creative. I write in more detail about my photography selling in the future. Until then, all the best.