3 Ways Every Freelancer Can Benefit From Passive Income
Pay all your bills, and then some
Have you heard of the stat that says wealthy folks usually have at least seven income streams?
That means that they have seven different methods to churn revenue each month. Now peep at your own freelance business; solopreneur or otherwise. How many streams of income do you currently have pumping out dough?
If it’s only one, you’ve got some splaining to do.
Because if you’re only running on one cylinder, it may be well past time to pop open your creative side and create more income streams.
The term “passive income” is somewhat of a misconception. In the case of passive income, work still has to be done for items or various forms of money to become available, but the distinction is that these revenue streams may operate on autopilot for years to come, long after the initial efforts are completed.
So think of what I’m sharing as “front-loading” the work. In other words, out in the heavy lifting now and reap the reward of passive income down the road.
So what exactly are the benefits of having a passive income?
