The chapter delves into experiences and insights gained from pursuing passive income through various side hustles, emphasizing the importance of streamlining operations to minimize customer service issues. It also discusses strategies for creating digital assets, leveraging platforms like Canva, and expanding into physical product sales to maximize revenue growth in the face of challenges.
Diversifying your sources of income is an important step on the path to financial independence. On average, millionaires have seven streams of income. In part 2 of our series on passive income, Eric shares the lessons learned and mistakes made as he created passive income streams for his architecture practice. In 2020, 90% of his small business revenues came from passive sources, bringing him closer to reaching financial independence. Join us as we explore these topics and more in this second episode in our series about passive income.
For show notes and resources please check out our website: https://twosidesoffi.com/