Kevin88660
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Okay this is not fastlane example or advice.
I was searching within the forum and leads me to MTF’s post about building passive income getting “harder and harder”.
Because I sell insurance as an insurance broker the fundamental of this industry has not changed.
Working your a$$ off five years and selling policies with perpetual renewal commission, you can get 5-10k passive income per month just based on policies renewal.
On an Income to effort basis this beats 80-90 percent of the white collar corporate job where your income stops when you stops working or gets retrench at age 50 now it could be 40.
And it’s much better than writing medium or creating youtube content which is actually an active work treadmill for most creators (I did them for fun and experience before).
With the exception of app or solo saas developer (which does has it’s share of failure rate) I see selling insurance as the most reliable path for passive income accumulation.
Working in this industry as one man self-employed business for seven years my book of recurring commission is about 7k per month.
And because of having this large customers automatically there are clients who ask me for new quotes for new business. This easily adds some non-recurring income to bring my monthly income to more than 10k.
Yes I do admin work for claims, new quotes and mandatory training/meeting due to regulatory requirement. This is still less than 15 hours a week of work.
I am just an above average performer in this industry. I am far away from the top sales people.
If you are not aspiring to build 7-8 digits worth of sellable business, then selling insurance is the closest path for “10k a month at the beach lifestyle business” if you just put in the grit in the first few years.
I was searching within the forum and leads me to MTF’s post about building passive income getting “harder and harder”.
Because I sell insurance as an insurance broker the fundamental of this industry has not changed.
Working your a$$ off five years and selling policies with perpetual renewal commission, you can get 5-10k passive income per month just based on policies renewal.
On an Income to effort basis this beats 80-90 percent of the white collar corporate job where your income stops when you stops working or gets retrench at age 50 now it could be 40.
And it’s much better than writing medium or creating youtube content which is actually an active work treadmill for most creators (I did them for fun and experience before).
With the exception of app or solo saas developer (which does has it’s share of failure rate) I see selling insurance as the most reliable path for passive income accumulation.
Working in this industry as one man self-employed business for seven years my book of recurring commission is about 7k per month.
And because of having this large customers automatically there are clients who ask me for new quotes for new business. This easily adds some non-recurring income to bring my monthly income to more than 10k.
Yes I do admin work for claims, new quotes and mandatory training/meeting due to regulatory requirement. This is still less than 15 hours a week of work.
I am just an above average performer in this industry. I am far away from the top sales people.
If you are not aspiring to build 7-8 digits worth of sellable business, then selling insurance is the closest path for “10k a month at the beach lifestyle business” if you just put in the grit in the first few years.
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