Thread by @austinschless

In 2008, he was laid off from his dream job.

13 years later, he generates over $250k/month in passive income.

How'd he do it?

THREAD: A story and 3 secrets on building passive income.

I first found @PatFlynn 13 months ago.

I had just started creating content online and I was frustrated, confused, and all over the place...

I wanted to grow Twitter, launch a podcast, and record YouTube videos all at once.

I had created a master plan to do it, and after 2 weeks, I was burnt out.

I never wanted to create anything again.

Until I found @PatFlynn's content...

Pat encouraged me to take a step back and think.

• Why do I want to create content?
• What is the purpose?

Then it hit me...

I thought I wanted more followers.

What I really wanted was more time.

I wanted more time to spend hanging with friends, building things, and learning stuff.

Pat showed me how I could do this by creating passive income.

In this thread, you'll learn the same...

Pat's passive income story began in 2007.

He was employed at an architectural firm, and in an effort to improve his skills, began studying for the LEED exam.

He started a website to organize his notes, and the site started generating traction...

In October 2008, Pat organized his notes in one place and published an ebook called The LEED AP Exam Walkthrough.

It was 89 pages.

He listed it on his site for $19.95 per book.

He began to share it with some friends...

The ebook generated $8k.

He realized he might be onto something with this passive income idea.

Then, he launched what would become the most popular online marketing blog on the internet...

Following the success of his ebook, Pat launched a blog called smartpassiveincome.com

There, he shared his experience building passive income streams.

At its peak, Smart Passive Income netted a maximum of $322k.

Here're 3 secrets on how you can do the same...

#1 Provide Massive Value

To build passive income, you need to build a customer base.

To build a customer base, you need to provide massive value.

• Help people 1 on 1
• Write blog posts that solve problems
• Record YouTube videos to teach how to do things

#2 Earn Massive Trust

To build trust, you need to be focused and consistent.

• Identify your niche
• Create value for your niche
• Show up consistently
• Engage with your audience

#3 Understand the needs and wants of your followers

The best products solve the best problems.

• Talk to people in your niche
• Ask about their needs/wants
• Create products that help them
• Distribute your products
• Ask for feedback
• Iterate

Using these secrets, I have been able to generate a little over $100/month in passive income.

That's $1200/year.

Invested right, that's $20k in 10 years.

If you want to learn more about how to build passive income, I've got you.

Follow me @austinschless for more strategies and stories on passive income, financial freedom, and personal finance.

If you really liked this thread, join a community of 500+ curious folks where I share strategies on success, life, and finance.

austinschlessinger.substack.com

RT to teach others how to unlock freedom and happiness with passive income

https://twitter.com/austinschless/status/1407284031251632132?s=20