The Sweaty Startup

350: How to generate money while you sleep

Aug 16, 2023

Learn how to generate passive income and build wealth through real estate investing and taxation. Discover the importance of building assets and leveraging other people's efforts to disconnect time from money. Explore the benefits of owning assets that can make money while you sleep or take time off.

09:05

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Quick takeaways

Building assets that generate passive income is crucial for wealth accumulation and financial success.

Entrepreneurs should aim to disconnect personal time and energy from income by building businesses that generate money through the efforts of employees and assets.

Deep dives

Building Assets That Pay Off Other People's Energy

The mindset of building assets that generate income without being tied to personal time and energy is crucial for building wealth. While most people trade their time for money, wealthy individuals separate their assets from their time to create passive sources of income. This mindset allows for the accumulation of wealth and opens up opportunities for growth and financial success. As an entrepreneur, the goal is to build assets that generate income based on the efforts and energy of others, allowing for exponential earning potential.

Introduction

5min

Building Equity, Leveraging Other People's Efforts, and Disconnecting Time from Money

2min

Building Assets and Generating Passive Income

2min

As an entrepreneur, you need to own an asset. You want time plus your asset to make you money. Not your time plus your energy to make you money.

This episode originally aired on July 21, 2022

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