The fourth old saying commandment is time.
The “T” stands for time .
If you want to run a business, you have to separate your income from your time.
“Stop trading time for money.”
That’s true, but there is no such thing as truly passive income.
Some people sell writing books as passive income
“Write a book, publish it on Amazon, and you’ll earn passive income.”
– “ But you have to write the book first ” –
You have to keep up the time you put in beforehand.
It is not passive .
It is delayed.
The same applies to stocks.
You must first earn the wealth that you invest in stocks.
You earned it with time .
So don’t come with this “ passive income ” nonsense.
You have to manage to decouple your income from your time .
To create it old saying indirectly delayed and leveraged
For example, if you write a book,
If you invest for six months, you can sell it for the next six years or, if it becomes a classic, the next 60 years.
This means you have separated your income from your time.
For example, if you do consulting.
If you are a coach and do one-on-one work, then it is still very much tied to your time.
You have your hourly rates or your daily rates that you make.
What you can then do is start giving seminars.
You’re no longer c level executive list doing one to one, but one to many.
This means you have leveraged it many times over, but it is still tied to your time.
If you don’t give seminars, you don’t earn any money.
What you could then do is hire someone to do the seminars for you.
Then all you have to do is control the person who is holding the seminars.
This means old saying you spend less time
It doesn’t work without time.
The trick is to decouple your income from your time.
With the content business, this is super easy because you put your work into the content and then that content is sold, not your time.
(Reading tip: 17 Content betting email list Marketing Techniques )
Content can be what does a foreigner think of the french system? a book, an audio program, an online course or a webinar.
In the content business, it is very good and easy to decouple your time.