Mailbox Money
Are you collecting money on a regular basis from something you created in the past? Something that keeps earning long after the initial work has been done?
A book you wrote and published years ago about the best walking trails in southern Italy. Proceeds from rental property in Caribou. An app that helps florists track their inventory. Stocks that pay quarterly dividends. A song you wrote for a Taco Bell commercial.
That’s what some people call mailbox money: income that keeps coming in long after the work is done. It frees you from the endless cycle of trading your time for an hourly wage.
Lately, this has been on my mind. Have you ever thought about mailbox money? Have you tired it? What’s worked for you? What hasn’t? What are you working on now?