Is passive income a part of your current strategy to achieve financial independence? If so, please share what you're up to! We'd love to check out your projects if you link them here. What ideas have you found to be most successful?
Hi Eric and Jason! You both are inspiring. I recently launched a Kickstarter for a line of sketchbooks for architects, I received feedback from the community and went through a few iterations. Would love to hear your thoughts. The link is on my channel - I tried to post the url but I think it gets picked up as spam.
Hey Guys, I just found this channel and I think what you’re doing is great. Passive income is definitely a majority of my current plan for working toward FI. My goal is to create “passive income” from rental real estate. However, I will freely admit I’ve only just started this journey. I’m just 30yr old right now and in the middle of buying my first duplex to house hack.
This is awesome! Just graduated from architecture school, I’ve always found your content inspiring and I love this new perspective of finance in the industry
Been following @30X40 Design Workshop for a few years now. What an ah ha moment for me. I have wondered many times about the model. I'm degreed in architecture but have specialized in woodworking and product design. I started my own studio 2 years ago and am in the "hours for dollars" grind now and not enjoying the rush from project to project. Jason talked about the "bin of ideas". I have that also and have yet to commit to any of them. What really helped in this episode was Eric's comment about finally deciding to try out the things that rang his bell with no expectations of greatness....just see where they lead. That resonates quite a bit. Really appreciate your discussion. Will be looking for more and will be getting on the FI path full time now.
Wonderful video! I myself am on the path of creating passive income myself by following my curiosity with my YT channel and this video was very informative. Your content never disappoints.
Many years ago I worked for a couple that owned 60+ rentals. After seeing how little regard renters have we swore to never do rentals. So we build or buy and rebuild then SELL. One of the projects we have going now was to be a Short Term Rental till our County Regulations killed that idea for our 1928 Fishing Cabin. Sell it is. I still get Publishing for songs I wrote with Dangerous Toys back in 1988. It spends as good as any other money. Good real talk here Eric.
Eric, I have been following your work for several years, and have done my part in contributing to your passive income! I’m a big fan of the products you have created. Do you have a rough breakdown of your passive income streams you could share? ie what percent do / did plan sets bring in vs digital tools vs books? I am interested in this path but am personally more interested in plan sets, rental properties, etc which would all allow me to create more architecture as my route to passive income. Thank you!
Calvin, Because I haven't focused on plan sets for a while now, any % breakdown would naturally be skewed in favor of the products I've chosen to focus on. The most important thing is that you're motivated + interested in whatever you choose. That will allow you to invest the time + energy necessary to stick with it long enough for it to become a profitable passive income stream. There are no shortcuts, but I know each of the products mentioned in the video has the potential to throw off a viable passive income to those who persevere. Wishing you good luck with it!
When did you make this channel you should have told us before seriously i watch you videos while im working its just motivation and information at the same time
I'm trying to get stock videography off the ground as a means of passive income. I started with still photography and it's generating pennies. Video clips sell for dollars and their sales are more infrequent. I've got almost 600 clips on Shutterstock and about 1,200 on Pond 5. The income fluctuates drastically, from $15-$350 a month.
I think it's going to be more difficult to sustain this as a passive income stream given all the new generative AI content competing in the space (midjourney, etc)
Hey Guys-very interesting….I found you about a month ago. I’m with in a year and working to pressure test my situation, plans thoughts, math, etc. I am in the Bio tech space so you content especially relevant. I have two friends that I’m starting to discus’s generalities with, no numbers as I don’t believe that relevant and would like lead to making judgments.
Producing RUclips content is not purely passive by my definition. Perhaps you continue to draw revenue on the content well after you have produced it, but definitely requires a lot of work. Same goes with owning real estate. To me, my idea of passive income are dividends (and annuities, albeit they are not in my mix).
Eric here, answering…I agree, content production isn’t passive, but neither is trading time to earn your initial investment sum, right? I invest my time making videos (basically, marketing), and you’re actively investing your time to earn the funds to buy the dividend producing asset you mentioned. If those are roughly equal, then to see who comes out ahead we’d have to compare the LTV of each unit of time (admittedly a difficult thing to do). Part of my issue with a dividend portfolio is that paying a dividend “feels” like a missed opportunity to reinvest in the growth of the company. Paying a dividend to shareholders leaves less cash to innovate and grow (my personal opinion, of course). And, what if they cut the dividend? That’s certainly in their purview. There are other considerations with respect to tax control when you rely on a dividend portfolio too. By contrast, if your strategy creating content + passive income involves a business you own, you also have access to tax optimization strategies and opportunities the typical dividend investor does not. That’s a much more nuanced conversation for another time. Another point that’s often ignored related to content production (and we didn’t do a good job explaining this in the vid) is that when you have an audience - whether that’s on YT, or Insta, or TikTok - that’s an asset too. When your audience is large enough, it serves as a giant lever you can use to effect the change you wish to see in the world - be it financial or, otherwise. I've integrated it into a personal creative process and it’s enjoyable which means it’s building skillsets too. These are intangible dividends, but nonetheless important to me. Totally understand that it’s not for everyone though!
Is passive income a part of your current strategy to achieve financial independence? If so, please share what you're up to! We'd love to check out your projects if you link them here. What ideas have you found to be most successful?
Hi Eric and Jason! You both are inspiring. I recently launched a Kickstarter for a line of sketchbooks for architects, I received feedback from the community and went through a few iterations. Would love to hear your thoughts. The link is on my channel - I tried to post the url but I think it gets picked up as spam.
Hey Guys,
I just found this channel and I think what you’re doing is great. Passive income is definitely a majority of my current plan for working toward FI. My goal is to create “passive income” from rental real estate. However, I will freely admit I’ve only just started this journey. I’m just 30yr old right now and in the middle of buying my first duplex to house hack.
@@justinantolin3668 Thanks, JustinI! We appreciate your support. Good luck to you on your journey
I always wait for your videos as they are so informative and effective. Thank you for always sharing the correct information. Keep posting.
Thanks, Lucille’ we appreciate your support.
So valuable!
Thanks!
This is awesome! Just graduated from architecture school, I’ve always found your content inspiring and I love this new perspective of finance in the industry
Appreciate that...! Understanding + mastering the financial side of the game as an architect will make you an invaluable asset to your clients.
Been following @30X40 Design Workshop for a few years now. What an ah ha moment for me. I have wondered many times about the model. I'm degreed in architecture but have specialized in woodworking and product design. I started my own studio 2 years ago and am in the "hours for dollars" grind now and not enjoying the rush from project to project. Jason talked about the "bin of ideas". I have that also and have yet to commit to any of them. What really helped in this episode was Eric's comment about finally deciding to try out the things that rang his bell with no expectations of greatness....just see where they lead. That resonates quite a bit.
Really appreciate your discussion. Will be looking for more and will be getting on the FI path full time now.
Cheers...appreciate you sharing!
Wonderful video!
I myself am on the path of creating passive income myself by following my curiosity with my YT channel and this video was very informative.
Your content never disappoints.
Many years ago I worked for a couple that owned 60+ rentals. After seeing how little regard renters have we swore to never do rentals. So we build or buy and rebuild then SELL. One of the projects we have going now was to be a Short Term Rental till our County Regulations killed that idea for our 1928 Fishing Cabin. Sell it is. I still get Publishing for songs I wrote with Dangerous Toys back in 1988. It spends as good as any other money. Good real talk here Eric.
Too good...! Man, Dangerous Toys...(!)...that's a throwback to my teen years...appreciate you stopping by and sharing your experience, my friend.
@@30by40 Yep, I am old.
I feel seen -Jason
You guys are on the right track with your content. Love it and I don’t know why. I’ll keep coming back.
Great talk. Thanks for sharing.
Just found your podcast and channel - super well produced and compelling even in a crowded space. Into it!
Thanks very much!
Awesome content! Thanks for sharing!
Cheers, Carlos...thanks for watching...
Nice talk
Eric, I have been following your work for several years, and have done my part in contributing to your passive income! I’m a big fan of the products you have created. Do you have a rough breakdown of your passive income streams you could share? ie what percent do / did plan sets bring in vs digital tools vs books? I am interested in this path but am personally more interested in plan sets, rental properties, etc which would all allow me to create more architecture as my route to passive income. Thank you!
Calvin, Because I haven't focused on plan sets for a while now, any % breakdown would naturally be skewed in favor of the products I've chosen to focus on. The most important thing is that you're motivated + interested in whatever you choose. That will allow you to invest the time + energy necessary to stick with it long enough for it to become a profitable passive income stream. There are no shortcuts, but I know each of the products mentioned in the video has the potential to throw off a viable passive income to those who persevere. Wishing you good luck with it!
Very inspiring, thanks
Thanks, Julian...
When I arrived to your channel there were 666 likes, I felt compelled to like based on that alone.
\m/
This was cool. Thanks for sharing
Cheers Chris... \m/
When did you make this channel you should have told us before seriously i watch you videos while im working its just motivation and information at the same time
Cheers mate...have to keep some secrets now and again, right?
Love these convos, keep them coming..
I'm trying to get stock videography off the ground as a means of passive income. I started with still photography and it's generating pennies. Video clips sell for dollars and their sales are more infrequent. I've got almost 600 clips on Shutterstock and about 1,200 on Pond 5. The income fluctuates drastically, from $15-$350 a month.
I think it's going to be more difficult to sustain this as a passive income stream given all the new generative AI content competing in the space (midjourney, etc)
Hey Guys-very interesting….I found you about a month ago. I’m with in a year and working to pressure test my situation, plans thoughts, math, etc. I am in the Bio tech space so you content especially relevant. I have two friends that I’m starting to discus’s generalities with, no numbers as I don’t believe that relevant and would like lead to making judgments.
Jason here - thanks! We are glad you found us. Also nice to have someone else from biotech around :) best wishes to you on your own journey.
Producing RUclips content is not purely passive by my definition. Perhaps you continue to draw revenue on the content well after you have produced it, but definitely requires a lot of work. Same goes with owning real estate. To me, my idea of passive income are dividends (and annuities, albeit they are not in my mix).
Eric here, answering…I agree, content production isn’t passive, but neither is trading time to earn your initial investment sum, right? I invest my time making videos (basically, marketing), and you’re actively investing your time to earn the funds to buy the dividend producing asset you mentioned. If those are roughly equal, then to see who comes out ahead we’d have to compare the LTV of each unit of time (admittedly a difficult thing to do). Part of my issue with a dividend portfolio is that paying a dividend “feels” like a missed opportunity to reinvest in the growth of the company. Paying a dividend to shareholders leaves less cash to innovate and grow (my personal opinion, of course). And, what if they cut the dividend? That’s certainly in their purview. There are other considerations with respect to tax control when you rely on a dividend portfolio too. By contrast, if your strategy creating content + passive income involves a business you own, you also have access to tax optimization strategies and opportunities the typical dividend investor does not. That’s a much more nuanced conversation for another time.
Another point that’s often ignored related to content production (and we didn’t do a good job explaining this in the vid) is that when you have an audience - whether that’s on YT, or Insta, or TikTok - that’s an asset too. When your audience is large enough, it serves as a giant lever you can use to effect the change you wish to see in the world - be it financial or, otherwise. I've integrated it into a personal creative process and it’s enjoyable which means it’s building skillsets too. These are intangible dividends, but nonetheless important to me. Totally understand that it’s not for everyone though!
@@TwoSidesOfFI - I think my above point is that I don't have the talent to produce video. :)
Totally get it, mine was: that's not the only path! :)
Would a pension count as passive income? I'm guessing it does.
It's a form of fixed income for sure. As such it's easy to incorporate into your modeling as you know how it's going to pay out over time.
What is the age of these two fine fellows?
48