In my last posts, I spoke about how you generate passive income without needing to be present for the work – your money still flows even when you’re personally not doing the work. Your money doesn’t sleep.
There are various ways to generate passive income, and in the Information Age your passive income opportunities have never been so diverse, lucrative, and sound. The aim of a 5 Day Weekend is to generate a wide range of income streams that constantly replenish your accounts and fuel your lifestyle. You control your destiny. You set your own schedule, call your own shots, and answer only to yourself.
You don’t have to work long hours at your office or someone else’s office. You’re not bound by geography and can work where you want. You have unlimited earning possibilities. You are self-motivated, knowing there are no gatekeepers to regulate your income. Your investments work without you, often managed by a professional you have hired.
You’ll never get rich by saving money. You’ll only become rich by investing in assets that create cash flow and economic freedom.
You’ve achieved your 5 Day Weekend goal when your passive income covers your expenses for the standard of living you want. You’re able to work only fifteen to twenty hours a week instead of forty to sixty—and some weeks or months you don’t have to work at all. Your financial freedom funds and enables your personal freedom.
In my next post, I ask you to imagine what your 5 Day Weekend would be like. But in the meantime I’d love to hear your thoughts on creating passive income. Have you explored how to earn more in the digital age? What did you find? Thank you for sharing.
Secure your copy of the “5 Day Weekend” book. 5 Day Weekend: Freedom to Make Your Life and Work Rich with Purpose [Nik Halik & Garrett Gunderson]
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