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.
- 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.”