Michelle Schroeder-Gardner Makes $40,000 Monthly Passive Income While Living on a Sailboat and Working Just 4 Hours a Day.
Michelle Schroeder-Gardner is the founder of Making Sense of Cents, a personal finance blog that she started in 2011. Today, Michelle earns an impressive $40,000 in monthly passive income, allowing her to live her dream life on a sailboat with her husband and daughter while working only two hours a day.
Here are some tips from Michelle on how to start your own business and work fewer hours:
Batch Your Tasks and Automate:
Michelle groups similar tasks together and completes them all at once, using automation to schedule newsletters and social media posts for the week. This helps her avoid multitasking and distractions.
Start a Newsletter:
Michelle has a newsletter with over 130,000 subscribers that is designed to send readers to different blog posts, generating revenue through ad clicks and affiliate marketing.
Get Comfortable with Delegating:
Michelle hires freelancers for tasks she isn’t an expert in and has a part-time editor for her blog and a virtual assistant for minor tasks like customer emails. She recommends hiring people you already know and trust.
Diversify Your Income Streams:
Michelle earns passive income from three sources: affiliate marketing, banner ads, and online courses. She advises planning passive income streams that fit you best and building at least two.
Michelle’s journey shows that with hard work, dedication, and smart planning, anyone can achieve financial freedom and a flexible work-life balance.
Michelle’s story is an inspiring example of how building a successful online business can allow you to create the lifestyle you want. She started her blog to document her journey towards becoming debt-free and quickly gained a following. By 2013, she was earning enough from her blog to quit her 9-to-5 job and work full-time on her business.
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Income Streams
Since then, Michelle has focused on making her business as passive as possible, allowing her to work just two hours a day and spend the rest of her time traveling the world with her family. Her success has come from a combination of smart planning, hard work, and a commitment to continuously improving her business.
Michelle’s approach to business is focused on creating passive income streams that require minimal time and effort to maintain. By batching tasks, automating processes, delegating work, and diversifying her income streams, she has been able to build a successful and sustainable business that supports her dream lifestyle.
Her story shows that anyone can achieve financial freedom and a flexible work-life balance with the right mindset and strategies. By following her tips and advice, you too can start building a business that allows you to work less, earn more, and live the life you’ve always wanted.
