An Introduction to Dumb Passive Income


Dumb Passive Income Introductory Post
Hello! Welcome to Dumb Passive Income. This is the very first post on a brand new blog that I’ve decided to create.  Allow me to introduce myself, in case you’ve not yet read my about page. My name is Matthew Allen. You can call me Matt if you’d like. I’ve been around the blogosphere for a little while now. Most recently, I’ve been blogging in the personal finance niche at RamblingFever Money.  More about that in a later post. But, for those of you who may recognize my name, that is where I come from.

If you’ve read the last three posts that I wrote on my RamblingFever Money blog, you would see that I’ve recently had a bit of a revelation when it comes to creating passive income and getting rich quick. For this very reason, I’ve decided to abandon my former blog and concentrate on this one instead. Within the contents of this blog, I plan to highlight exactly what I am doing to create passive income.

Domain Name, Title and Idea Behind the Blog
I admit, I kind of ripped off the idea for the domain name and title of this blog from Pat Flynn. Who better to rip off though than one of the most successful online entrepreneurs that I know of!  Pat’s blog is Smart Passive Income. It makes perfect sense. Pat teaches how to create passive income the smart way because he actually knows what he is talking about. He has had incredible success. Go check out his income reports if you need proof. I am a huge fan of Pat Flynn and his Smart Passive Income platform and am learning a great deal by reading his blog and listening to his podcasts.

I plan to write about the dumb way to create passive income because I have no idea what I’m talking about. That really makes you want to keep reading, huh? Let me explain what I mean when I say ‘the dumb way.” Some of the blog will consist of me explaining some of the dumb and unsuccessful things I’ve done to try to create passive income. Most of the blog will consist of me documenting and explaining exactly everything I am doing from now on to create actual passive income online. I will attempt to make these explanations in a dumbed down fashion, in order to teach others what I am doing in the easiest way possible. Pat Flynn actually wrote a post back in 2010 about why It’s Dumb Not To Dumb Down. The difference is, he didn’t base the title and theme of his blog around the concept like I am!

Out With the Old and In With the New
While abandoning my former blog (RamblingFever Money), I am also abandoning my old ways of blogging. The most profound, and probably most important, change is that I have moved to the WordPress platform with self-hosted URL’s. I had heard from nearly every blogger out there that this was by far the best way to go, but I stubbornly went against the grain and left my blog on Blogger. Part of the reason was because hosting was free, but mostly because I was familiar with Blogger and didn’t want to learn something new and have to change. Now that I have been messing around with WordPress for the past couple of weeks, I have definitely seen the light. The low monthly cost I pay to HostGator (affiliate link) for hosting is a small price to pay for a far superior blogging platform. The ease of customizability in WordPress through a seemingly endless supply of plug-ins and widgets are more than worth every dime I pay for self-hosting.

Another difference with this blog, as compared to my old one, is that it will be more focused on a single topic.  Passive income. In my former blog, I rambled on about any and every topic that had anything to do with personal finance or money. I certainly enjoyed writing in this fashion, but as I now know, it wasn’t exactly good for keyword or search engine optimization. I didn’t really care about that then, and I still don’t, but wanted to try something more focused anyway. You will see why as this blog and my other online ventures progress.

Also, I formerly obsessed about numbers and rankings with my old blog. I checked my stats and analytics every single day. I tried to post at least 3 or 4 times per week and really burnt myself out in the process. With this blog, I will not be posting that often.  You will see why, as much of my time will need to be focused elsewhere in order to create this passive income. Regardless, I still plan to post on here as often as possible in order to show exactly what I am doing.

Lastly, I joined a blog network (Yakezie) and a challenge with my former blog. This was the reason for my obsession with stats, as part of the challenge was to get my Alexa ranking below 200k within 6 months. I accomplished that goal, but found myself spending too much time on Yakezie stuff which left me less time to work on my own stuff. I am forever grateful to Yakezie, as much of what I have learned about blogging and the inner workings of the internet came through relationships that I developed from that network. Unfortunately, I will not be joining any blog networks with this blog. I am trying to simplify and focus my time more on the specific things I need to do to create passive income.

The good news is that I still write for another multi-author personal finance blog called Penny Thots. If you still want to read my random ramblings on personal finance and money, check out that site. There are 20 authors for that blog, so my stuff is only posted once or twice per month. The good news for Penny Thots is that they will now be getting my best writing in that arena because I don’t have to save the good stuff for my own blog!

The End
This about wraps up my introductory post.  I had originally intended to write more specifically in this post about some of the dumb things I have done and some of the stuff I plan to do in the near future. This post ended up going a little longer than I had expected, so I will write about that other stuff in upcoming separate posts.

I hope you are intrigued with my new blog and plan to check back to see exactly where I am going with this. If you too are interested in creating a passive income (online), follow along and learn with me as I learn. This journey should be a fun one!