ποΈ Passive Income - The Glorious Exception or a Red Flag?
Is passive income the magic pill to create the perfect business, or is it a red flag sending you on a wild goose chase with the promise of no work for lots of money?Β
Let's unpack this together.
π© Why Passive Income Might Be a Red Flag π©
Sarah shares her thoughts on why pursuing passive income could be counterintuitive for female entrepreneurs like you. The essence of passive, meaning to do nothing, doesn't align with the spirit that led you to start your own business. It's about influence, control, and direct action β not sitting back and hoping for the best.
The Reality of Income Streams
Sarah explores the efforts behind seemingly effortless gains of traditional passive income streams. Whether it's real estate or stock investments, action and maintenance are inevitable. It's a gentle reminder that every income stream, passive or not, demands something from us β be it time, money, or energy.
The Appeal vs. The Reality
Sure, the idea of earning money in your sleep is alluring, but is it practical? Sarah challenges this notion, encouraging a mindset shift towards value exchange and active engagement in your business. It's not just about setting and forgetting; it's about continuous effort, learning, and adapting.
Building a Leveraged Business
Yes, you can create systems that generate income with less day-to-day input, but it requires initial (and ongoing) action. From developing a product or service that people want, to setting up a sales and delivery system, there's work to be done. And in a changing world, maintenance and adaptation become your constants.
Join The Moxie Movement
If you're ready to embrace action, align your business with your highest priorities, and maintain control over your journey, then you're ready to join the Moxie Movement.Β
π What's Next π
Stay Moxie, Until Next Time
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com