Entry #3: September 20, 2017- Active and Passive Income
Because I teach, I did have a little flexible time over the summer to work on my encore plan (part of my personal vision map). As a result of my activities, new doors were opened for generating active and passive income in retirement. Some of those opportunities have included additional speaking opportunities (paid and unpaid), coaching opportunities, writing, and workshop development.
Now I’m back to work. My full-time focus is teaching. Yet the opportunities I started developing need my attention after I put more than a full day in at work. For example, I created a free course on Udemy, Learn New Method for Listening in the Workplace & Life. Fortunately, other than answering any questions that arise or adding new or interesting information, the course doesn’t need a great deal of attention. Last week I started charging a minimal amount for new people signing up. Now it is a basically a passive form of income but does still need some monitoring.
The next time I have a break (between fall and winter term), I’ll develop another course. My next course will be on how to use vision mapping to live your best life at any age.
In the long run, I think I’m okay with all the extra hours I’m putting into my encore career. In 15 months I want to work for myself. I also know I don’t want to work full-time after I retire. To get where I want to be by the time I retire, I have made a choice. After I have done my best to serve my students each day and met my obligations at the college, I am choosing to spend my time developing my next best life rather than relaxing or watching T.V., etc. Because I have a clear vision and a plan, I am able to stay fairly focused even when I don’t feel like I have the energy to do what I need to do.