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Making a living off passive income in < 2 years

March 1, 2022 By Bob Lotich 1 Comment

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If you have been part of the SeedTime family for a while you know some of our story.

You might know that my financial story began when I was stranded 1,000 miles from home in debt up to my eyeballs with only $7 to my name.

And out of that and through a series of adventures that God has led us on, He has helped us reach some goals that I would have thought were impossible:

  • Making a full-time living from my blog (in 2008)
  • Paying off our house in 3 years
  • Giving $500k in 8 years
  • Taking a 1-year sabbatical in 2017 (as in no work)
  • Giving $1 mil by age 40

By the way, I share the keys to how we did all this in our upcoming book and the pre-order bonuses are pretty spectacular, just FYI. šŸ˜‰

What’s ahead for us

But for the purposes of this article, I just wanted to give you a peek into what is ahead for us.

Taking that 1-year sabbatical in 2017 was one of the most life-changing experiences I’ve ever had.

And for reasons that I explain in the article I wrote about it here, I told God at the end of it that I’d love to take a 1-year sabbatical every 7 years for the rest of my life.

I know that sounds crazy.

It is probably impossible.

But to be honest I thought taking a 1 week sabbatical was impossible the first time I did it. Then I did a month for about 5 years in a row.

And then God invited me to do a year.

And guess what?

He sustained us and provided for us through it all.

Our business didn’t blow up. We were able to pay the bills. And most importantly Linda got to live indoors (which she really likes).

And so, I am open to whatever God has, but I figure why not try to create a rhythm of Sabbath rest every 7 years?

Again, it might be impossible, but this is what I am praying to see happen in 2024.

So what does this have to do with passive income?

A lot actually.

In 2017, a part of the natural provision that allowed us to eat and live indoors was some streams of passive income that we had.

Since then, for a variety of reasons, those streams are gone.

So for the next 2 years I have a goal that I am trying to reach. By 2024 I want to be making a living off passive income that we are generating. And so I am going to be working to systematically create enough passive income to replace our current earned income and carry us through 2024.

The reason I am sharing this with you is because I know you might be interested in increasing the amount of passive income you have coming in as well.

So over the next couple years my plan is to share a lot of the journey that we are on to create enough passive income to live on for a year.

My hope is that there will be a lot of ideas, strategies, and concepts that you can borrow from us as well.

I don’t have all the details yet, but we will probably sharing a lot of the journey with our readers (like you) and will probably be creating a course pulling everything in one place and going deeper into the details.

Either way, we will still be creating articles and videos on a variety of topics to help you thrive financially, but within that we are going to be sharing our journey to these next two ā€œimpossibleā€ goals:

  • Creating enough passive income to live off of in < 2 years
  • Taking another 1-year sabbatical

This is about you too

Just as an encouragement to you, I know many people feel like ā€œthat’s good for you, but I’ll never be able to…ā€

Let me encourage you – I had that same feeling.

I remember being really scared when God first challenged me to take a Sabbath rest day each week (no work, no email, nothing).

And I remember literally dancing around our 1-bedroom apartment because we had made our first 7 cents of passive income.

The point is, these things start small.

It seems impossible to get from A to Z, but like our name suggests, everything starts with a seed.

I obviously can’t promise that you will be able to take a 1-year sabbatical or create enough passive income to live off of, but I can assure you that if you start with where you are and what you have, then we can help you make that seed grow.

You can have more of both than you have now.

Additionally, it is REALLY clear that sabbath rest is Biblical and God’s best for us.

Passive income may not be as overt Biblically, but I believe there are far too many enslaved to a 9-5 not doing the work God put them on the earth to do, and I want to see that changed.

All this to say, God has more for you so let’s get after it – what do you say?

So summing all this up…

I just wanted to share a little bit about what’s going on with us and our current financial goals.

And how if any of this sounds interesting to you, hopefully as we share our journey, it will help you on yours!

Related Posts

  • 4 Passive Income Secrets: 4 Things NO ONE Ever Tells You
  • 30 Passive Income Ideas [for 2021 & beyond]
  • Free state income tax filing (5 ways to file free)
  • How To Find Unclaimed Money
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About Bob Lotich

Bob Lotich, CEPFĀ® is a Certified Educator in Personal Finance and has over 10+ years experience writing about Biblical personal finance and is the best-selling author of 4 books including Managing Money God's Way and has been named a top 20 social influencer in personal finance. His writing has been featured on Forbes, The Huffington Post, Yahoo Finance, CBN, Crosswalk, Patheos and others. He has been a full-time writer since 2008 and loves uncovering financial wisdom in the Bible as well as discovering the best tools and strategies to help you put more money in your pocket.

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Comments

  1. Jenaae says

    March 30, 2022 at 2:53 pm

    Passive income is the true American dream if you ask me. Congrats on what you’re grinding towards!

    Reply

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Welcome!

Bob Lotich

Hey! I’m Bob Lotich. Jesus follower, husband, dad, best-selling author, CEPFĀ®, and money nerd.

This site contains the lessons I learned on my journey from being a stingy, debt-ridden fool, to being able to give more than I ever dreamed, having a paid off house by age 31, and peace with money in the process. Find out moreĀ or join us here.

Related Posts

  • 4 Passive Income Secrets: 4 Things NO ONE Ever Tells You
  • 30 Passive Income Ideas [for 2021 & beyond]
  • Free state income tax filing (5 ways to file free)
  • How To Find Unclaimed Money

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The articles on this site should not be taken as financial advice. Please contact a financial advisor (or coach) for specific advice regarding your situation. Any references to interest rates, giveaways, deals, products, and websites are subject to change without notice. We try our best to keep the information current, but things are always changing so it may be different now than when it was first published. Also, all the pages on SeedTime help us pay the bills by using affiliate relationships with Amazon, Google, eBay and others but our opinions are NEVER for sale. Find out more here.

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Genesis 8:22

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