It’s an academic and generational plague that infects us all. The key to a cure is learning how to be consistent in our desire to be masterful. When I got a Master’s degree in Technical Management I was expected to be authoritative because I proved my mastery of technical management. The difference between a Bachelor’s degree and a Master’s degree was huge.
How to Create Multiple Passive Income Streams by Dr. Mark Zupo. Dr Zupo is the founder of the Success Matters Community and author of the Multiple Streams Mastery Coaching System and the Success Matters Podcast Show. A dynamic online business coaching program designed for people who need a better way to earn income from their passions, education, training, and experiences.
What is passive income? Simple: it means that you earn money without having to work. That doesn’t mean you haven’t worked for it though – it just means you’ve sewed your seeds so that you can profit long into the future.
In other words, you invest some time and money into setting up a business model that is capable of ‘running itself’ and from then on, you reap the benefits. You might even continue to work on the business model in your spare time to scale it further, or to keep it going, but the point is that you don’t have to actively trade your time for money any more.
Once you have a passive business model, you can literally continue to earn money while you’re sleeping.
Working online increases your freedom because it allows you to choose how and when you work. But if you’re providing a service to a client, then that’s still not true freedom. At the end of the day, if you take time off, you lose money. And you can still upset your clients and end up losing your means of income.
But with passive income, you really do get to experience true freedom. Now you can choose to take the entire day off, or to refrain from working for the next week even and there will be no repercussions.