Nice! I agree. People throw around the term ‘passive income’ - there is no such thing (everything requires labor or money, which also is labor). But there is such a thing as income streams that require little effort once they’re established. That is my goal, several income streams. I suppose that when I say businesses I mean income streams.
Got a masters and PhD. Wish I had skipped college and started multiple businesses. Working on rewriting my story now.
The trades pay almost as much as the professions, but without the stress and the payments.
Learn about finance before you start a business, or someone will screw you.
I agree. I should’ve learned a trade and started a business. Then 5 more.
Accounting, sales, management (of humans), and more. Some can only come from practice. I’m eating up books while I try to build my business systems.
Remember that it's best to have multiple income streams. If one craps out, you are still okay.
I have at least 12, not sure exactly how many. Some of them are small, but will increase over time.
Nice! I agree. People throw around the term ‘passive income’ - there is no such thing (everything requires labor or money, which also is labor). But there is such a thing as income streams that require little effort once they’re established. That is my goal, several income streams. I suppose that when I say businesses I mean income streams.