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214. Why I Killed a $150,000 Passive Income Stream

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Sinopsis

There’s an expression, to burn your boats. It originated with a military strategy. Hernán Cortés famously “burned the boats,” after arriving in the New World to conquer the Aztec empire. (He actually “scuttled” his ships. He sunk them.) I recently burned my boats, when I killed off a $150,000 passive revenue stream. The birth of a passive income muse In March of 2007, I was sitting with some friends on the cable-locked chairs and tables – at two in the morning – on the porch of a closed restaurant in Austin, Texas. We were doing the kind of thing that we did at the time, after a night of parties at the SXSW conference: We’d sit around and talk about our ideas. Facebook and Twitter were still fringe services – most of the mainstream world knew nothing about them. The internet seemed full of opportunities. The subject of my dating life came up. I was terrible at finding a girlfriend, but I was good at finding dates. I described in great detail to my friends the way I had optimized my process of online dating. I