BT Money Hacks
S1E190: Mastering money - from FOMO to financial freedom: BT Money Hacks
Oct 27, 2024
Candy Valentino, a WSJ bestselling author and business growth expert, shares invaluable insights on achieving financial freedom. She discusses the importance of diversifying income streams in today's economy and explores innovative ways to capitalize on assets. Valentino emphasizes long-term strategies over immediate gratification and reveals various methods for creating passive income, such as writing and investing. The conversation encourages listeners to take bold actions towards their financial visions, fostering both stability and unexpected success.
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Quick takeaways
- Diversifying income streams through freelancing or side ventures can enhance financial stability while pursuing entrepreneurial goals.
- True passive income requires significant upfront investment and ongoing management, challenging the misconception that it involves minimal effort.
Deep dives
Leveraging Skills for Additional Income
Selling personal skills and services can create additional income streams. With many people having developed various talents throughout their lives, opportunities exist to offer these as freelance services, whether through platforms like Upwork or direct engagements in areas like consulting, organizing, or lawn care. This approach allows individuals to maintain their day jobs while working towards financial goals on the side, gradually building a stable alternative income source. Establishing a side venture can ultimately provide a smoother transition into entrepreneurship, as many successful individuals have tested these waters first before fully committing.
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