My 7 Favorite Passive Income Streams

My 7 Favorite Passive Income StreamsOne for every day of the week!

By definition and theory, Passive Income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it. Passive Income differs from Earned Income & Portfolio Income in many ways. Passive Income is generally defined as a stream of income earned with little effort, and it’s often referred to as progressive passive income stream, meaning there is little effort needed from the individual receiving the passive income in order to grow the stream of income. Some examples of passive income include rental property income and any business activities in which the earner/investor does not materially need to participate during the fiscal year.

Passive Income differs from Active Income which is defined as any Earned Income, including all the taxable income and wages the earner obtains from working. Linear Active Income refers to one constantly needed to stay active to maintain the stream of income, and once an individual chooses to stop working the income will also stop. Examples of active income include Wages, Self-Employment Income, Martial Participation in S-Corp and/or Partnerships, etc. Portfolio Income is derived from investments which include capital gains, interest, dividends, and royalties.

OK, let me get serious now. After 20+ years of grinding my face off, here are my current 7 favorite passive income streams, in no particular order…

1. Crowdfunded Commercial Real Estate Investments – Investing in Commercial Real Estate can be an excellent form of a passive income stream. However, because it sometimes can be costly to purchase a property outright, using a crowdfunding platform to invest in commercial real estate debt can be a more affordable and lucrative option. If you want an easy, low-cost way to invest in low platform real estate, consider using a company like Fundrise. You’re only required to have $500 to get started, and they have 3 main eREITs to choose from. This is a great way to get familiar with the overall process from start to finish. Once you become comfortable enough, you can begin investing in larger properties. You may also want to consider checking out Realty Shares, which is one of the largest crowdfunding businesses available today. While most deals require at least $5,000, they occasionally offer properties with a $1,000 minimum. One of the nice things I like about Realty Shares is that you get to hand-pick the property you invest in and get to see the process from start to finish.

2. Investing in Cryptocurrency Masternodes – Something I discovered back in 2011, Bitcoin, a ‘cryptocurrency’, per se. After purchasing my first BTC on Mt. Gox for just under $8, I became overly fascinated by the blockchain technology. Investing ahead of the world, some using Proof of Stake algorithms implemented, these Peer-to-Peer networks require the use of cryptocurrency masternodes. As we look at the cryptocurrency world today, arguably many would agree that over the past 5-7 years, we’ve seen such a vast change in adoption and regulation, it’s inevitable that from now that either cryptocurrency will be a ‘flash in the pan’ and vanish from existence, or will be a new form asset that changed the world forever. If you are one of the former, go ahead and stop reading this point, it isn’t for you. :)However, if you believe that years from now, that businesses, governments, states, communities, and individuals could exist within the new digital currency revolution?

Masternodes are a form of a super-delegate on a blockchain with voting rights. One who collateralizes a larger interest of shares with the intent for the long-term best interest of that blockchain and cryptocurrency.

The fascinating thing with Masternodes is two activities that provide a differentiation strategy when investing. First, because the cryptocurrency has masternodes, the supply of the currency is ‘locked’ by other masternode holders, and the more masternode holders that join the blockchain the more that are locked. This drives the demand higher as the supply comes off the market. Secondly, running a masternode provides core functions to the network so you’re paid a high-interest rate (yield) on investing your overall investment, in some instances, we can scrape approximately 75% – 160% return on our investment, depending how many masternodes we are providing services for and how long you/we hodl for.

3. Peer-to-Peer Investment Lending – Peer-to-peer investment lending is when you loan other people money who don’t qualify for traditional financing. With investment returns often in the 6-10% range, investing money with a business like Lending Club can get you much higher income results than a typical savings or money market account.

Added Fun Fact: Read more

How To Manage Oneself – 9 Key Points On How I Manage My Daily Grind

manage oneselfBack in 2008, Peter Drucker wrote a book on self-management. I’d like to build off that a bit differently, using 9 key points that I found to seem to work quite well for me. I hope you find them insightful for your daily grind as well.

  1. Be More – It’s quite simple actually. Each and every day, I work on being more than I was the day before. Be it a better son, a better friend, or a better coworker. If we strive to better ourselves with every new sunrise, I wholeheartedly believe that we are then positioned to help others around us.
  2. Be Detailed – When we structure our daily tasks, it’s important that we be very specific to ourselves. This allows for us to hold ourselves accountable. And should we miss out mark, we then know what we need to work on harder the next day. Keep plugging away until you can cross it your list.
  3. Be Resourceful – Utilizing our resources has amazing rewards. Throughout our journey, we surround ourselves with some of the best teachers in life. None of us are ‘self-made’. Each of us is a product of our environment. Every five years, Read more

When I Moved to Phoenix and How I live in Phoenix

geoff snyder model citizen phoenixWhen I moved to Phoenix, I drove from Naples, Florida with only some clothes, my book collection, and a laptop. I only ate almonds, subway sandwiches, and drank vitamin water during the trip.

Once I settled in with my parents at the age of 33, the first time living with them for over 15+ years, I decided to move forward with the bare essentials; minimalist lifestyle, per se.

The first contracts as an Independent Contractor I was rewarded with were ADOT (Arizona Department of Transportation), Lowes, and Limited Brands. I provided onsite technical hardware and software support for ADOT, and was a Project Lead for the latter two during store upgrades which consisted of complete infrastructure overhauls – down to the very last faceplate screw.

During the above time, Read more

Passive Promotion

Geoff Snyder is Intoxicated by Possibility

Geoff Snyder is Intoxicated by Possibility

I hope the following passive promotion below gives you insight into my drive, passion, and desire to find the next adventure. The world is full of haven’t stance and maybe I’m a person that can help you or maybe you are a person that can help me. Let’s see what we can do together for the world.

I’m a guy who once spent 5 years as a recording industry executive (only because of sales under my watch for our market that had increased by a mere %10,300+ percent across 6 months and sustained a 93% retention rate for the 4 years in a market established across 20 years), from the school of Hard Knocks.

I’m a guy who somehow followed a technical ‘passion’ and opened a small, multi-office IT consulting firm (which cost me less than $100 to start) on a tropical island that focused on servicing healthcare, legal, and financial verticals and burned it down to the ground because I grew too big, too fast.

If any of the above is of any interest to you, I might be a guy you’d like to connect with.

With that said, my current professional pivot consists of the following: 9AM-5PM Monday thru Friday, 75% of my eggs are in a Technology Read more

Yousea

what is yousea

yousea
/yo͞o sē/
pronoun
pronoun: yousea
  1. 1.
    the phonetic pronunciation of the assigned acronym for the word: unicorn
    “can you believe that yousea actually exists?”
    • used to refer to the person being addressed as a reminder how one of a kind they are.
    • used in exclamations to address one or more amazing qualities.
      “did you ever dream of discovering a real life yousea?”
  2. 2.
    a word created during the first Mercury in Retrograde of 2018, with April 15th, 2018 being the official go-live date.
    “yousea, this is for you. may history continue to write our story. i love you.”
    Origin:
    Old English ēow, accusative, and dative of  (see uc1); related to Dutch u and German euch . During the 21tst century yousea began to replace unicorn1, uc1, and yousee; by the 22nd century, the hope to see it fully adopted is intact.

2018 – 52 Books in 52 Weeks

Alright, so it came to my attention that this past December marked my 15th year of not owning a television. When I moved away from Detroit and began a new chapter in my life, I purged a lot of my belongings. TV, stereo equipment, furniture, clothes, a couple of businesses, real estate, 401k, and… a cat to name a few. I wanted to go into the next phase with as little as possible. Of course, I hung onto some childhood items, pictures, most of my books, CDs, and such.

Fast forward about 5-6 years and I’ll tell you what did it for me: the news. I spent some time with friends and their families who would usually have at least one TV on, be it background noise or for a game or something. I began realizing that I was continuously walking around life based on a lot of this background noise. Why? What does the next ‘news report’ really have to do with me? Will/Does it really improve my quality of life? Does all the overzealous commercial propaganda really need to be blasting me with its 30 seconds of magical ‘Buy Me Now’ strongarm? Nope.

During this same time, I myself going through a self-inflicted reinvention phase for about 12-18 months. I worked hard on resetting a lot of what I’ve ‘learned’ from mass media and it’s pop-culture child. Leadership Development and Team Building/Collaboration were on the top of my list for some reason… perhaps because of the current global economic state, political bantering, and some book series idea that I had outlined for a scholarship project I was working on.

While I did not own a TV, please don’t think I was some ultra weirdo and walked around shunning people who watched it. I still got together with friends on the weekends to catch a college football game somewhere or would find myself every now and then find myself catching highlights from the week’s sport’s recap.

So here were are in 2018 and I’ve realized that owning a TV does not obligate me to such noise. I’ve been streaming Netflix, Gaia, Amazon Primm, and such on my laptop for the past 4-5 years; and with so many a la carte streaming apps available now, being able to pay for an abundance of blackout hockey games hasn’t been easier!

52 in 52: To hold myself accountable and to make it as productive as I could think of, I decided that this would be the year I’d go ahead and replace the blank space my 32″ Sony Trinitron 1,815lb CRT TV once had in my life. But before I can, I need to read 52 books during the 52 weeks of this year. This post is a couple of months behind, but I’ve fortunately regained full access to my web domains and servers (that will be an entirely separate post) and decided to document the journey. If you want to check out what I’m reading, you can find this year’s recent reads over on my Instagram account; and I will be posting a review of each as I finish them. Just bear with me as I get caught up on the past 14 books or so!

5 Reasons Why Business is Always Personal

business is personal For years I believed “business” and “personal” were always separate. It wasn’t until realized that how I was handling my relationships with clients was the exact opposite. More often than not, I found myself wholeheartedly focused and concerned about my customer’s and client’s objectives as my own. Here are 5 reasons why business is always personal.

  1. We are human beings. We are both driven by emotion and logic. Passion, once found and combined with our purpose, becomes the driving force for why we wake up in the morning. Along the way we will connect logical points with our decisions, thus giving us the foundation we require to build relationships.
  2. Engagement is connection. When we engage with each other, we establish a connection. Actively listening to our clients will gain far more distance than any pitch you can come up with. Ever. I’m not sure if it was Zig Ziglar or John Maxwell that said: “People don’t care how much you know until they know how much you care.” Regardless, we need to genuinely let it be known that we care. We can dazzle our clients with endless amounts of facts, lingo, fancy words, marketing sparkle, or whatever — but it’s not until they feel/know we actually care about their business objectives as they are our own, that they trust us.
  3. Our work is where we gain our identity. Most of us establish our identities by the work we do. Everything we do carries over into who we are as people. The time. The commitment. The passion. The quality. Everything. We spend most of our time working (hopefully enjoying our work along the way). The second most thing we do is sleep. Well, those of us that are human and not constantly hooked up to a coffee drip.
  4. Relationships are long term. Business to Business (B2B) relationships is simply to branded entities exchanging products and/or services for money. But when it’s all said and done, business is conducted between people, with people, for people. Successful companies focus on establishing rapport with their customers/clients for the long haul. This is usually (or at least should be) done by focusing on customer service.
  5. The bottom line is not the goal. Although during any transaction, there is a goal and an end result. And although at the end of the day (and fiscal period) the bottom line does represent the overall progress and health of an organization, it does define the baseline of success. If your customer’s best interest is not aligned with your own, you’ve either lost perspective or… simply lost. Period. Take a moment to step back and evaluate where you are with each client’s objectives. In the end, it’s about their bottom line… not yours.

How are you currently handling your relationships with your customers and what are you doing to establish long term rapport to help them meet their goals?

top 100 customer service twitter huffington

Huffington Post’s Top 100 Customer Service Pros

top 100 customer service twitter huffington

After spending several weeks interviewing over 18,000 Twitter followers, Enterasys Networks Chief Customer Officer, Vala Afshar caught some of the customer service industry by surprise. Vala had put together a list of the Top 100 Most Social Customer Service Pros On Twitter and reviewed it with our friends at The Huffington Post’s Business Division. When I was first notified about this, it was nice to see some close friends and colleagues mixed within the list. It’s an absolute honor to be involved amongst multiple best-selling authors, industry analysts, keynote speakers, customer support management, service-oriented company executives, community managers, consultants, bloggers, customer experience architects, and media personalities.

Of course, each of us listed below has our own niche and view, the one thing that I’ve discovered while chatting the others within the tweetchat of #custserv, is that we all have one thing in common: values. It seems to me, that while we each go through our own ‘cycles’ of intensity and participation (myself is certainly included), that we can become enthralled within our own personal communities, yet always reconnect and pick up right where we left off.

Again, it’s been an honor to be listed with so many fantastic people and I’m looking forward to seeing what we do next!

I am listing Vala’s list verbatim below for reference.

  1. Shep Hyken, @Hyken
  2. Marsha Collier, @MarshaCollier
  3. Frank Eliason, @FrankEliason
  4. Paul Greenberg, @pgreenbe
  5. Kate Leggett, @kateleggett
  6. Tristan Bishop, @KnowledgeBishop
  7. Roy Atkinson, @RoyAtkinson
  8. Charlie Isaacs, @charlieisaacs
  9. Ray Wang, @rwang0
  10. Barry Dalton, @bsdalton
  11. Michael Fauscette, @mfauscette
  12. Kate Nasser, @KateNasser
  13. Ted Coine, @tedcoine
  14. Mitch Lieberman, @mjayliebs
  15. Brian Vellmure, @BrianVellmure
  16. Jeannie Walters, @jeanniecw
  17. Annette Franz, @annettefranz
  18. Kerry Bodine, @kerrybodine
  19. Natalie Petouhoff, @drnatalie
  20. Justin Flitter, @JustinFlitter
  21. Bruce Temkin, @btemkin
  22. Jeanne Bliss, @JeanneBliss
  23. Wendy S Lea, @WendySLea
  24. Colin Shaw, @ColinShaw_CX
  25. Michael Lytle, @Michael_Lytle
  26. William Band, @waband
  27. Guy Stephens, @guy1067
  28. Scott McKain, @scottmckain
  29. Bob Thompson, @Bob_Thompson
  30. Becky Carroll, @bcarroll7
  31. Ty Sullivan, @ty_sullivan
  32. Ginger Conlon, @customeralchemy
  33. Bryan Person, @BryanPerson
  34. Adrian Swinscoe, @adrianswinscoe
  35. Greg Meyer, @grmeyer
  36. Mila D’Antonio, @miladantonio
  37. Bill Quiseng, @billquiseng
  38. Rob Markey, @rgmarkey
  39. Aimee Lucas, @Aimee_Lucas
  40. Flavio Martins, @flavmartins
  41. Robert Bacal, @rbacal
  42. Rosetta C Lue, @rosettalue
  43. William Goddard, @W_Goddard
  44. Richard R Shapiro, @RichardRShapiro
  45. Christopher Carfi, @ccarfi
  46. Bob E Hayes, @bobehayes
  47. Caty Kobe, @catykobe
  48. Greg Ortbach, @GregOrtbach
  49. Mark Bernhardt, @ImMarkBernhardt
  50. Alan Berkson, @berkson0
  51. Rachel Miller, @rachelloumiller
  52. Michael Ludwig, @Michael_Ludwig
  53. Jason Houck, @MJasonHouck
  54. Bill Gerth, @comcastcares
  55. Mike Wittenstein, @mikewittenstein
  56. Paul Sevcik, @PaulSevcik
  57. Geoff Snyder, @Geoff_Snyder
  58. Kevin Baldacci, @KevinBaldacci
  59. Blake Landau, @BlakeLandau
  60. Al Hopper, @AlHopper_
  61. Dave Tidwell, @dave_t_pilot
  62. Sarah Stealey Reed, @sstealey
  63. Russel Lolacher, @RussLoL
  64. Jeffrey J Kingman, @JeffreyJKingman
  65. Ron Kaufman, @RonKaufman
  66. Mark Orlan, @MarkOrlan
  67. Margerita de Miranda, @MardeMir
  68. Nancy Porte, @nporte
  69. Jonty Pearce, @JontyPearce
  70. Melissa Kovacevic, @MKCallConsult
  71. Jennifer Maldonado, @maldyj
  72. Colin Taylor, @colinsataylor
  73. Graham Frost, @grafrost
  74. Lori Jo Vest, @lorijovest
  75. Steve Curtin, @enthused
  76. Martin Hill-Wilson, @martinhw
  77. Toni Newman, @Toni_Newman
  78. Adam Toporek, @adamtoporek
  79. Nick Kossovan, @Kossovan
  80. Greg Levin, @Greg_Levin
  81. Andrew Maher, @serviceplease20
  82. Barry Peters, @barrypeters
  83. Calie Waterhouse, @CWaterhouse
  84. Peter Lavers, @PeterLavers
  85. Jeremy Watkin, @jtwatkin
  86. Ian Jacobs, @iangjacobs
  87. Diana Oreck, @dianaoreck
  88. Ian Golding, @ijgolding
  89. Stephanie Thum, @stephaniethum
  90. Micah Solomon, @micahsolomon
  91. Myra Golden, @MyraGolden
  92. Yvonne A Jones, @YvonneAJones
  93. Bart de Craene, @bartdecraene
  94. Natasha Bishop @natasha_d_g
  95. Laura Northrup, @lnorthrup
  96. Jason Boies, @JasonBoies
  97. Donna Cutting, @donnacutting
  98. Wes Hayden, @weshayden
  99. Michael Pace, @mpace101
  100. Eric Tamblyn, @etamb

As with any list, there are always different views and many more people to be included. Is there anybody within the Customer Service Community you’d like to share with us? If so, please recognize them in the comments below. Thanks for stopping by!

3 Things I’m Doing to Improve My Platform

improved platformToday’s busy social space sometimes creates quite a challenge to filter out a lot of the noise. With so many “new” social media tools and app integrations, it would seem impossible for anybody new to the arena to gain ground.

Very recently, I was asked “Geoff, what are you doing to improve your platform?” This made me stop and think. Here is what I came up with:

Stay Proactive With Inquiries
Nobody like’s talking to a wall. When we reach out to somebody with a question or comment on one’s blog or Facebook page, we usually think others will respond. At the least, the person whose thread we area commenting in. I make it an effort to reply to every e-mail, blog comment, Facebook comment, tweet… etc. I’ve worked hard to position myself within focused marketplaces and still allow for my personal life to have its responsible presence. Because let’s face it… all business really is personal. The friendships accumulated along the journey.

Expanding Mediums
Anything I’ve signed up for in the years past, I’ve looked at closely to see how I can leverage it to help my position/brand. I also wanted to learn how it can help others accomplish what they want. If I can share with others what I’ve learned, and it helps them… my efforts have been worth it.

Maybe it’s because I work in tech that a lot of these things come easy to me. But I cannot express how many times I’ve seen others just start buying domains, hosting, themes, plugins, software, apps… etc, based on… nothing. Earlier this year, I was involved with someone very intelligent who bought up all kinds of stuff for their launch idea and clearly had no idea what they were doing. When it was brought up in conversation, their response was just that, “Well, I don’t know. I don’t know anything about this. I spent a bunch of money on all this. How was I supposed to know?” I was appalled when I heard this coming from someone who strongly advocates “Use Your Resources!” So, take your time and ask people who you know who have been down the road before. Otherwise, you’re just creating unnecessary work for yourself and others involved.

Again… take time to use your resources. You’ll find that the hidden community involved with content management, personal branding and positioning, and social media is filled with all kinds of great people!

Separating Personal and Professional Branding
This is somewhat of a new avenue for me. Several years ago when I decided to create my online presence by jumping from the “I’m a fly” approach, to the “I am the honey” direction, I learned that people wanted to know about me. They wanted to know a little about what makes me get up in the morning, opposed to just what I’ve done and what I’m doing during my day. Professionally. We want to learn about each other. I think this is just human nature. I always enjoy connecting with somebody and then learn what I can about them through their social media streams. And then when it comes time for me to meet them, the level of accuracy (or lack there of) is always rewarding. It helps me realize that my perception and interpretation skills are honed well.

So, creating a personal and professional avenue for both entities helps allow marketability. I believe if it’s done right, they can both help each other and greater results will occur. I’m sure I’ll be following up with this later. So, that’s it for now. I’ll leave this post by asking you this simple question:

What are you currently doing to enhance your online presence and how is it helping you daily?

5 Tips for Enhancing Team Morale in the Workplace

team morale workplaceIf you are responsible for managing a group of employees, then you should understand how important the concept of teamwork is in the workplace. Not only will it make your job easier, but it will also improve your productivity, your effectiveness as a manager, and your reputation amongst those above you. There are some very simple things you can do to promote positive, cooperative contributions from your employees. Follow these five tips for encouraging team spirit in the workplace:

Establish clearly-defined goals, guidelines, and tasks. If you want your employees to take responsibility for their roles on the team, then you need to make sure they know exactly what it is that they are supposed to be doing. Make it a point to clearly describe every aspect of the project at hand, as well as what you expect from each of the team members.

Delegate, rather than micromanage. Part of having team spirit is acting autonomously toward the team’s goal. When you micromanage, you undermine a person’s ability to be autonomous. It is not only dehumanizing, but also a surefire way to suck the enthusiasm right out of the workplace. Delegate responsibilities to your employees, making sure to be very clear about what you need each one to accomplish, and to what standards, and then allow them to find their personal methods for working most constructively. Whenever employees know they are responsible for the outcome of their work, they are less likely to pass the responsibility or the blame on to a coworker and more likely to find ways to work together and support each other.

Provide employees with the tools they need to be successful. Prepare employees for a job well done by providing the education, mentoring, resources, tools and support they need. This makes them feel valuable and boosts morale, which promotes teamwork.

Communicate with the team on a regular basis. Have team meetings as needed so that employees can express to you any questions, concerns, or suggestions they might have, and so that you can provide them with useful feedback and encouragement.

Offer team incentives. Once you establish the guidelines for a new project, offer the team a reward for timely, quality completion. The reward could be a paid lunch out, a company party, or a paycheck bonus. Give employees a few options and let them decide together, as a team, which incentive they prefer.