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

The story behind why I was locked out of my Personal Facebook account… #NoHashtagNeeded

The Real Truth About Timing in Relationships

Alloy and Yousea - PhoenixThis was sent to me from a dear friend of mine who we will call “Crissy”,

Timing is something that none of us can seem to get quite right with relationships. We meet the person of our dreams the month before they leave to go study abroad. We form an incredibly close friendship with an attractive person who is already taken. One relationship ends because our partner isn’t ready to get serious and another ends because they’re getting serious too soon.“It would be perfect,” We moan to our friends, “If only this were five years from now/eight years sooner/some indistinct time in the future where all our problems would take care of themselves.” Timing seems to be the invariable third party in all of our relationships. And yet we never stop to consider why we let timing play such a drastic role in our lives.

Timing is a bitch, yes. But it’s only a bitch if we let it be. Here’s a simple truth that I think we all need to face up to: the people we meet at the wrong time are actually just the wrong people.

You never meet the right people at the wrong time because the right people are timeless. The right people make you want to throw away the plans you originally had for one and follow them into the hazy, unknown future without a glance backward. The right people don’t make you hmm and haw about whether or not you want to be with them; you just know. You know that any adventure you had originally planned out for your future isn’t going to be half as incredible as the adventures you could have by their side. That no matter what you thought you wanted before, this is better. Everything is better since they came along.

When you are with the right person, time 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!