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#105 Be Proactive in Creating Passive Revenue


There are a lot of methods to create passive revenue, however a very powerful issue right here is the way you reply to its invariability.

Being proactive, not reactive, in terms of passive revenue is just not all the time pure. As physicians or high-performing professionals, we’re nice at tackling issues head on. Though, the overwhelming majority of us give attention to fixing issues after the actual fact.

It is smart that we act the identical means with funds and positively in terms of creating passive revenue–we regularly wait till there’s a difficulty to do something about it

What you do now can provide you peace of thoughts when transitions in life come your means. 

What steps can you’re taking at this time to dwell proactively?

Now, let’s lookay at what we mentioned on this episode:

  • Acknowledge the warning indicators with the intention to put together upfront
  • Safe your Monetary Freedom via a number of streams of revenue
  • Causes we select to be inactive
  • 4 methods to be proactive together with your monetary objectives
  • Stay proactively

Right here’s a breakdown of how this episode unfolds…

[2:19]

Being proactive with Passive Revenue means being able to acknowledge the warnings that it’s time to put together earlier than one thing transitions at work.  

[5:20]

Peace of thoughts doesn’t come simply or with out taking some danger. However the price of inaction–of doing nothing–is much worse and future tough occasions that are part of life. 

Why is it exhausting to be proactive?
It’s snug to remain the place you’re and the concern of future ache.

[6:25]

Peter describes 4 mindset ideas to sort out in order that you’ll stay proactive in reaching your monetary objectives.   

  • Extra Stress When Having Much less Time
  • Trying For A Quick-Time period Repair
  • Worry of Taking Threat When Different Rely On You
  • Be Proactive With Your Future Self

[7:33]

It might take extra effort to create passive revenue now–it may be intimidating, even scary. But it surely’s very price it.

 

We need to hear from you….
What’s your story of learning the metrics to make a well-informed funding determination?Go away a remark beneath!

 

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