My first financial goal is to:

Create a stream of income that generates at least 50 euro´s per month by December 30th 2012 in a way that helps other people and creates value in their lives!

I´ve got no idea how to achieve this, but I believe in breaking big projects down to small steps and building momentum. And most of all the power of Action!


Achievements
10.05.2012 Set a Goal
17.05.2012 Created Goal Reminders
17.05.2012 Created a Moodboard
18.05.2012 Created forum called Goals2Share
18.05.2012 Created a consequence for failure: Pay a friend dinner if I fail


I started this goal when I read some recent blogposts by Steve Pavlina. He has made multiple succesfull streams of income and now he is showing step by step how to do it yourself. So i figured this was the time to actually just Do It.

So far I have done everything I learned from the posts and am waiting for the next post in the serie.
I have only had a couple ideas on how to make passive income, like blogging, affiliate programs and writing an ebook maybe.

All feedback is very very wellcome because I really want to achieve this goal!

I watch this video yesterday, and it help me.
I am trying to apply to everyday life now

THE SECRET TO EXERCISE MOTIVATION - YouTube

That's super easy. Write a few ebooks and upload them to Kindle. I make 200 USD a month off of a handful of ebooks. It's not fastlane because of the entry requirement. But, it's decent.

verial said:

That's super easy. Write a few ebooks and upload them to Kindle. I make 200 USD a month off of a handful of ebooks. It's not fastlane because of the entry requirement. But, it's decent.

Click to expand...

Interesting, I like writing a lot and information on certain topics could help people, so I think it could work for me.
However, I am new to passive income and I do not know about Kindle and how it works or how to write an e-book.

Could you tell me something more about this? Maybe show me one of the ebooks you have written?
Another obstacle for me is the language, but I suppose I could pay someone to check everything and correct it right?

Thank you for your reply!

Pr7de said:

Interesting, I like writing a lot and information on certain topics could help people, so I think it could work for me.
However, I am new to passive income and I do not know about Kindle and how it works or how to write an e-book.

Could you tell me something more about this? Maybe show me one of the ebooks you have written?
Another obstacle for me is the language, but I suppose I could pay someone to check everything and correct it right?

Thank you for your reply!

Click to expand...

Write books and sell them from $3-10.

Writing about what you know is enough to make money. If you want to optimize, you can do keyword research first.

One of my books:

Quit: Kick Your Facebook Addiction in 21 Days: Damon Verial: Amazon.com: Kindle Store

Verial:

I have been reading Steve Pavlina's passive income posts as well.

I haven't started anything fastlane myself. Should I instead focus on creating a real business? Or would Steve Pavlina's steps be useful in being able to create passive income?

How do you find needs for eBooks? Is there a way that you searched and found people trying to find ways to quit Facebook?

I see lots of intent but no action.

Make goals that drive action. Moodboard? Goal Reminders? Sounds like you're building a cocoon of feel-good mantras that masquerade as action to me.

How about:
1) 24.5.12 - Write down 10 things you personally see today that people find troublesome
2) 25.5.12 - Rank those things by how you think a solution would fit in the N.E.C.S.T. construct
3) 26.5.12 - Post up your progress to get some feedback from the forum. We're here to help.

You can escalate the timescale if you want. You could probably do this in a few hours, really.

This exercise will help you find a need, the most important requirement for a viable business. Don't worry about if it's fastlane, is everyone doing it, anything like that. Learn to identify needs you see all around you. As MJ says, it's pointless to chase money. Chase a need.

Thank you very much for your response Amail! And sorry for my late response, I´ve been ill for a couple of days, still am actually.
Sounds like a very good idea to me, I will deffinitely give your method a try and post my progress here!

Alright, I said I was going to do this as soon as I got well again. I´m not yet, but as good as, so I already started.
I thought it was actually pretty hard to come up with stuff, but I gave it a first try. Please let me know what you think about it.
These are the 10 things I personally thought people find troublesome:

1.how to get a job

2.how to eat local food

3.how to start running

4.how to create an app

5.how to get abs for summer(fast)

6.can't acces files of own laptop which is left at home, on another PC(at school)

7.how to fill in your tax papers

8.keep track of finances

9.Language barrier: an app for people going on holiday to countries where they speak other languages, and will translate anything they say and speak it out loud if they press the button and show it on the screen. So people can break the language barrier.

10.Find back car on the beach. An app for people who go to the beach and park their car. You press the button ‘park car’ and then go to the beach , and if you want to find your car back, you press ‘find car’ and you will see a map and a route to your car by GPS. Also helpful for other large parking areas. Could also work in a watch or something, because if you drift off in the water(surfing), you can drift off very far away and not find back the spot your friends were at on the beach. So the watch could show you which way to go.

When I came up with the last 2, I already came up automaticaly with a solution how it could be solved. So I thought I'd write it down aswell.

Pr7de said:

Alright, I said I was going to do this as soon as I got well again. I´m not yet, but as good as, so I already started.
I thought it was actually pretty hard to come up with stuff, but I gave it a first try. Please let me know what you think about it.
These are the 10 things I personally thought people find troublesome:

1.how to get a job

2.how to eat local food

3.how to start running

4.how to create an app

5.how to get abs for summer(fast)

6.can't acces files of own laptop which is left at home, on another PC(at school)

7.how to fill in your tax papers

8.keep track of finances

9.Language barrier: an app for people going on holiday to countries where they speak other languages, and will translate anything they say and speak it out loud if they press the button and show it on the screen. So people can break the language barrier.

10.Find back car on the beach. An app for people who go to the beach and park their car. You press the button ‘park car’ and then go to the beach , and if you want to find your car back, you press ‘find car’ and you will see a map and a route to your car by GPS. Also helpful for other large parking areas. Could also work in a watch or something, because if you drift off in the water(surfing), you can drift off very far away and not find back the spot your friends were at on the beach. So the watch could show you which way to go.

When I came up with the last 2, I already came up automaticaly with a solution how it could be solved. So I thought I'd write it down aswell.

Click to expand...

Ok, good start. I'll give you my take on these.

How to get a job. That's a pretty broad topic, and should be more narrowly focused.

How to eat local food. Really good idea! I've travelled a bit, and am often confused about what to eat with what, particularly in Asian countries. That could be a good ebook. Also, I speak passable French (barely), but was completely lost when looking at a menu. Some kind of menu translation cheat sheet, or app where you snap a picture of the work on the menu and get a translation.

How to start running. I'm not a runner, so that doesn't appeal to me. I'm sure it will appeal to others.

How to make an app. Very popular topic these days, but also very broad. Focus this one too.

How to get abs for the summer. Maybe too narrow a focus, but it's eye catching. People would be likely to click a link that said that.

How to access files. That's outside my area of expertise, although I do know there are remote desktop applications already. You'd be competing in a tight market against people with a lot of experience, so you need some serious firepower to tackle this.

How to fill in tax papers. In the US there's several companies offering pretty advanced tools to do this. That may not be the case everywhere, so I can't really comment on this.

Language barrier. That's a holy grail. If you can solve that one, you can buy several African countries and start your own empire.

Find car on beach. I have a navigation app on my iphone that has this feature. The trouble is I never remember to hit "Park car". If the app knew when you leave the car and it automatically pinned the location, then you wouldn't need to remember to use it. It's already done. Just hit "Where's my f'n car?" and it will route you back. I don't know if this is currently available, but it would be very useful.

Good list. Now ditch the ones you don't want to pursue and rank the ones you do.

Thanks alot for the response Amail!

Then what do you think about this? I tried to be more specific and come up with some idea's what people would like to know.
Do you think I could turn this into ebooks or articles or websites for example? or apps?


1.knowledge of how to get a job
-How to prepare a job interview (tips, do’s and don’ts)
-How to write a good CV
-101 most frequently asked questions during job interview and how to answer them.


2.knowlegde of how to eat local food
-‘Menu-Snap-App’ -> Provide translation plus images of the dishes(maybe allergy information)
-E book concerning local Asian food from local markets. What to eat, safety, flavours.
-E book concerning local Chinese food from local markets in Shanghai (same idea)


What do you think of it?