Everyone loves the idea of making money without working for it, but is that what passive income actually means? And whatever it is, how can an entrepreneur – particularly one that isn’t independently wealthy and is still working hard to build a business – cash in on the idea? In episode 1.3 we define what “passive income” really is, and discuss strategies for building more revenue streams into your business (or separate from your business!) that don’t rely on exchanging your hours for money. Show Notes & Links: What is passive income? (:50) How to build passive income (4:20) The 4-Hour Workweek & lifestyle design (9:35) What if I want to keep working? (13:18) Making a business you already run more passive (19:30) Systems create freedom (22:58) Choosing what are good opportunities for you (28:04) The 4-Hour Workweek by Tim Ferriss Rich Dad, Poor Dad by Robert Kiyosaki The E-Myth Revisited by Michael Gerber BONUS recommendation (not mentioned in the show): Work The System by Sam Carpenter, on how to develop the systems mindset to transform your life and business and work less and less.
LifeWork
Entrepenreurs Meagan Francis and Dave Krock explore what it takes to build a business while designing a life that matters.
Subscribe to Show
Share this Show
Connect
QR Scan
How to Boost a Podcast Show
Boost is a term adopted by New Podcast Apps found at NewPodcastApps.com that supports the ability to send Value4Value (V4V) micro-donations with comments using Satoshis, which is the smallest denomination of Bitcoin. Get your Wallet at Alby.
Apple Podcasts
Android
Email
Rss
Connect with Show
Boost LifeWork
Please wait while payment is processed...
Success! Thank you for your contribution.