The chapter delves into the speakers' motivations for seeking passive income, emphasizing its role in validation, security, and financial freedom. It also touches on the luxury of time afforded by reduced expenses, as well as reflections on privilege and gratitude for advantages in upbringing.
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/