My Journey on Passive Income that 99% Population Don’t Hear About 1 – How Did I Start?

This passive income method is so niche that many locals don’t know about it, unless your family is immersed in law or finance for generations. I stumbled upon this method by chance, and it allowed me to live the life I want on my terms wherever I am in the world. My favorite thing about this method is that it gives me time freedom, location and financial freedom, so I can travel all over the world on this passive income stream. It took me about ten years to really understand this method, so I’m writing a series of articles to...

My Journey on Passive Income that 99% Population Don’t Hear About 2 – Definition

After returning home from the hospital, a long recovery process began. Fortunately, I had just finished my previous project, and I didn’t have a new one lined up yet, so I spent three months in bed at home. Initially, I slept through day and night, and my mom later told me that on the first night back home, my chubby face had slimmed down significantly overnight. I often woke up feeling groggy and deprived of sleep even though I slept for days. I couldn’t get up easily. Later on, I was able to get up and move around, but I...

My Journey on Passive Income that 99% Population Don’t Hear About 3 – Lawyer Selected

Continuing from my last post, arranging meetings with lawyers turned out to be an unexpectedly easy process. At that time, I didn’t know much about this space, and my initial reaction was that I couldn’t afford a lawyer. However, when I searched for ads in Vancouver for car accident, all of them were screaming “No need to pay upfront!” In the ads lol It seemed like that’s the standard practice in this space. I also noticed that the same law firms and lawyers kept coming up in my searched through various media channels, and it seems this space was dominated...

My Journey on Passive Income that 99% Population Don’t Hear About 4 – No Fee?

Continuing from last time, let’s talk about case discounts. As mentioned before, lawyers signing cases for car accident plaintiffs are usually straightforward because liability is clear, and insurance companies follow the normal process without much dispute. Compensation is predictable; it’s just a matter of time and amount. So, each case is a revenue center; they all make money. Of course, more cases mean more revenue, so when a lawyer can sign two at once, they give us a “family pack,” applying the maximum discount from my case to both. But as mentioned earlier, plaintiffs like us don’t have to pay...

My Journey on Passive Income that 99% Population Don’t Hear About 5 – Contingency Fees?

Continuing from my last post, after returning home from the hospital, a long recovery process began. Fortunately, I had just finished my previous project, and I didn’t have a new one lined up yet, so I spent three months in bed at home. Initially, I slept through day and night, and my mom later told me that on the first night back home, my chubby face had slimmed down significantly overnight. I often woke up feeling groggy and deprived of sleep even though I slept for days. I couldn’t get up easily. Later on, I was able to get up...

My Journey on Passive Income that 99% Population Don’t Hear About 6 – Real Numbers？

Continuing from last post, I flew back to BC for the settlement negotiations. I noticed that the hotel was only booked for 2-3 days, which puzzled me. I was my first litigation case and thought the out-of-court settlements would take a lot of back-and-forth like the movies, therefore would take a long time. However, my lawyer was confident in reaching settlement quickly. He explained that most of the back-and-forth had already happened over the past few years, and at this point, both parties had presented all possible evidence. So, at this stage, it was all about waiting to see how...

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