๐๏ธ 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?ย
Let's unpack this together.
๐ฉ Why Passive Income Might Be a Red Flag ๐ฉ
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 โ 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 โ 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.ย
๐ What's Next ๐
Stay Moxie, Until Next Time
On Purpose with Jay Shetty
Iโm Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and Iโm so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood youโre able to deal with relationship struggles, work challenges and lifeโs ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them weโve never seen before. New episodes every Monday and Friday. Your support means the world to me and I donโt take it for granted โ click the follow button and leave a review to help us spread the love with On Purpose. I canโt wait for you to listen to your first or 500th episode!
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