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Listen "There's No Such Thing as Passive Income"
Episode Synopsis
For most, the idea of earning an income without working is exciting and aspirational. Is it realistic, however? Can you ever really make money while doing nothing at all? On this episode, we weigh in on what passivity actually means in a business and why the very notion of passivity needs to be redefined.
No one gets 'mailbox money' without putting in effort. -Greg Harrelson
Takeaways + Tactics
You need to put in a good deal of effort and energy to maintain a "passive income"
Consider where your worries come from, before presuming money will eliminate them
Respond to the events in your life, rather than reacting to them
The idea of passive income certainly allows us to dream about what we might do in our spare time. However, never forget about the fulfillment and satisfaction your work can give you. Carefully consider what you mean by passivity. The reality is, it’s incredibly rare to truly detach from any work, as your mind continues to contemplate every detail of your life.
No one gets 'mailbox money' without putting in effort. -Greg Harrelson
Takeaways + Tactics
You need to put in a good deal of effort and energy to maintain a "passive income"
Consider where your worries come from, before presuming money will eliminate them
Respond to the events in your life, rather than reacting to them
The idea of passive income certainly allows us to dream about what we might do in our spare time. However, never forget about the fulfillment and satisfaction your work can give you. Carefully consider what you mean by passivity. The reality is, it’s incredibly rare to truly detach from any work, as your mind continues to contemplate every detail of your life.
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