J.D. Moyer

sci-fi author, beatmaker

Principles for Building Passive Income

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On June 14

In Money/Personal Finance

Passive income is the dream, right? Arrange your life and finances so that money consistently flows into your bank account, regardless of your employment status or energy spent hustling for gigs. I don’t mind doing hourly work as long as the work is tolerable, the clients are nice, and the rate is fair, but passive income certainly reduces my stress levels.

I currently have nine sources of passive and semi-passive income:

  • book royalties
  • music sales royalties
  • music publishing royalties
  • blog affiliate income
  • Patreon
  • service contracts
  • equity dividends
  • interest
  • capital gains

Some of these sources contribute negligibly, less than $50 in a month, but in total my passive income averages about $3000 a month. Not enough to cover my current lifestyle (especially since 100% of my dividend and capital gains income are reinvested) but enough to provide a significant financial buffer. Even when I have a slow month in terms of consulting hours, the passive income almost guarantees that my net worth keeps growing.

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Gastritis Healing Protocol (with hindsight)

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On June 6

In Health/Body-hacking

I’ve been putting off writing this post for a long time. But when I read that Gordon Ryan is retiring from competition due to stomach problems, it reminded me that I have a responsibility to share what I’ve learned. Stomach problems, even when not life-threatening, can be debilitating, painful, and drag on for years. If I can help even one person recover from gastritis more quickly, it’s worth sharing this post.

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Superfood Series: Cranberries (weight-loss, blood sugar, and other benefits)

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On May 30

In Health/Body-hacking

I’ve been meaning to write a superfood post for a long time, getting into the details of which foods I try to include in my diet most days to improve health and prevent disease. Something similar to Dr. Greger’s Daily Dozen.

But it’s just too much information for one post. So I’m going to do one at a time, starting with cranberries.

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Caste by Isabel Wilkerson

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On May 23

In Culture Rants/Shares

I’m reading Caste by Isabel Wilkerson. I’d recommend it for many reasons. The book illuminates the distinction between racial antipathy and passively supporting social norms that limit the power and privilege of African Americans. While most Americans can truthfully say that they harbor no hate in the hearts towards people of other ethnic backgrounds, it’s a much smaller group that actively works to dismantle discriminatory systems and views that enforce the caste system in the US.

While not as explicit as the caste systems in India or Israel (both Dalits and Palestinians live under conditions that could accurately be described as apartheid), Wilkerson makes an effective argument that caste does indeed exist in the US.

I was somewhat skeptical of this idea before reading the book, but now I’m fully convinced. If you’ve read the book, please share your own views in the comments.

That’s all I’ve got for this week — we had a huge family event that has taken up most of my energy and bandwidth lately. In the next couple weeks I’ll be working on the final proof of The Last Crucible (Book 3 of Reclaimed Earth), which I’m hoping to deliver to Flame Tree in the first week of June.

I’m looking for book recommendations, both fiction and nonfiction. What are you reading and enjoying?

More Thoughts on Crypto (as a N00b)

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On May 15

In Alternative Economics, Money/Personal Finance

I enjoyed this post on Reddit yesterday:There’s plenty to worry about when investing in cryptocurrency. Is it even an investment? Or is it simply hyped-up gambling?

About a month ago I opened accounts with Coinbase and Kraken. Kia and I each put in $1000. In that time our money has doubled, and Dogecoin went up tenfold (I sold half at the pre-SNL peak).

It’s an absolutely insane market. A major crash is all but guaranteed. There’s a significant chance one of the four coins we’re invested in (Bitcoin, Ethereum, Doge, and Cardano) will fall out of favor and plummet in value to zero or close to it.

On the other hand, I wouldn’t be surprised if holding those coins for five years (and possibly buying the dips) yields an average gain of 50% or more annually. That sure beats a 3% bond yield or a .05% “high-interest” savings account.

Here’s my current approach and thinking:

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