One Downfall of MyLot

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Let me start this off by saying that I absolutely love MyLot, and I think it is an awesome site. It's fun to chat with people about anything and everything and nothing all at the same time. And when we do that, we get just a little bit of extra money for our time spent. But there is a drawback, and that is that it is not exactly passive income. In order to keep on making money, we have to continue to produce more and more content, and of course continue to interact. The drawback is that there is no residual income really on the site. In other words, you will not write a post today that will likely earn you more money tomorrow, and the next day, and a year from now. Essentially, the value of a post is determined in about a 24-48 hour window. And the maximum money that post will earn will largely be determined in that 24-48 hour window as well. Most of the time I try to devote the investment of my time into "evergreen" things. In other words, things that will, over time, be done once but continue to earn residually over time. Ideally, if I am using MyLot as an example, my income should increase based on the total number of posts I write. But here that is not the case. Again, the real value of a post essentially expires after about 48 hours. So, if you stop posting, or interacting for even just a day, you will see a significant drop in your earnings, because there is no real residual impact from the activity you engage in today to tomorrow. It is a downfall. And making this observation is not to discredit or make a complaint about the site. It is instead to make a point I made in another post I wrote not so long ago wherein I said that I was still getting paid from Bubblews, a former site that was similar to this one. Our aim should be toward making our income from things like this more passive, and more residual. Otherwise the little bit of extra we get from doing it really does not do anything for us over the long term. If we want to continue to make money from the site, we can do it by of course remaining active and continuing to provide new content, and maintaining our interactions with others on the site. But we can also do it by putting the money away into a savings account or an investment so that the money continues to earn indefinitely over time. At some point there will be an amount of money that the money already made will generate. And if we really still want the extra little benefit of a little extra money we get from being active here, it is better to spend the proceeds than the principal. If you make a post today it will provide you a little extra next month when the dollar signs appear around the logo. But if you save or invest the money you make, the post and the interaction will provide an income practically forever. And when the sad day comes that MyLot is not here anymore, you can at least walk away from it knowing that MyLot will still be paying you indirectly long after the last post fades from the Internet.