40 Plus Finance

Follow My Journey Managing Finances At 40 Years Plus

  • Home
  • Features
  • Quick Reads
  • Resources
  • Financial Freedom Journal
  • About
  • Facebook
  • Twitter
  • YouTube
The Biggest Myth About Income You Literally Can’t Afford to Buy Into

The Biggest Myth About Income You Literally Can’t Afford to Buy Into

May 19, 2020 By Kurt H Leave a Comment

Nobody gets rich working a full time job unless they have a side business to go along with it, but at the end of the day of working that full time job, you probably don’t have the stamina to even think about starting something that requires time and energy. Then you have responsibilities outside of your full time job, like kids to take care of. You need to earn money for the type of lifestyle that you want, if you want to make one hundred thousand a month, then you probably aren’t setting aside enough time to enjoy that life you’re building.

Key Takeaways:

  • Passive income means you have potential earnings that can be unlimited. A full time job limits you to an hourly pay.
  • Financial freedom is about having assets that work for you. Passive income allows you to live your life without controlling bosses and toxic peers.
  • Being rich and looking rich are different. You may have a lifestyle that looks nice on Instagram but you want to be free from being bogged down by finances.

“If you trade your time for money in a 9-to-5 job, then you can only earn so much. You are limited by the number of hours you can work, by the amount your boss will pay you, and by your industry standards.”

Read more: https://www.biggerpockets.com/blog/biggest-myth-about-income-cannot-afford-to-buy

Related posts:

  1. Financial Freedom Report – April 2020
  2. Real Estate Investing Partners: 4 Types of Partnerships (& 5 Secrets to Success)
  3. My Journey to BRRRR: The Origin Story of the Popular Strategy
  4. Pros and Cons of Starting Your Own Business

Filed Under: Summary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Unlimited Wealth: The Many Types of Capital

When we think about wealth, we often think about financial capital. In … [Read More...]

5 Economic Principles My Kids Learned on Halloween

Trick or treating has long been something children do each and every … [Read More...]

Why Business Owners Should Never Use a 401(k)

It's common for business owners to have a 401(k) retirement plan, but that … [Read More...]

Inside 40 Plus Finance

About Us

Contact Us

 

Financial Freedom

Monthly Financial Freedom Reports

Financial Freedom Calculator

Reviews

Cash Flow Tactics Review

Categories

  • Classics
  • Features
  • Financial Freedom Monthly
  • Summary

Connect With 40 Plus Finance

  • Facebook
  • Twitter
  • YouTube

Recent Posts

  • How to Build Your Credit Score
  • The Mindset Shift That Changed Everything
  • Can It Keep Going Up?
  • 5 Classes Your High Schooler Should Take to Start on the Right Financial Footing
  • 6 Smart Ways to Outsource Your Liability

Contact Us · Privacy Policy · About · Affiliate Disclosure ·
Copyright © 2022 · Forty Plus Finance

Disclaimer: 40 Plus Finance is for purely educational purposes only and is not selling investments, insurance, real estate, securities, or anything other than education and is not providing tax advice, legal advice, or investment advisory products. You need to become educated about any financial product before purchase and consult a CPA and/or attorney in order to make the best financial decisions for yourself.