#105 Be Proactive in Creating Passive Income
There are many ways to create passive income, but the most important factor here is how you respond to its invariability.
Episode Highlights
There are many ways to create passive income, but the most important factor here is how you respond to its invariability.
Being proactive, not reactive, when it comes to passive income is not always natural. As physicians or high-performing professionals, we are great at tackling problems head on. Although, the vast majority of us focus on solving problems after the fact.
It makes sense that we act the same way with finances and definitely when it comes to creating passive income–we often wait until there’s an issue to do anything about it
What you do now can give you peace of mind when transitions in life come your way.
What steps can you take today to live proactively?
Now, let’s look at what we discussed in this episode:
- Recognize the warning signs so that you can prepare in advance
- Secure your Financial Freedom through multiple streams of income
- Reasons we choose to be inactive
- Four ways to be proactive with your financial goals
- Live proactively
Episode Breakdown
Being proactive with Passive Income means having the ability to recognize the warnings that it is time to prepare before something transitions at work.
Peace of mind doesn’t come easily or without taking some risk. But the cost of inaction–of doing nothing–is far worse and future rough times which are a part of life.
Why is it hard to be proactive?
It’s comfortable to stay where you are and the fear of future pain.
Peter describes four mindset thoughts to tackle so that you will remain proactive in reaching your financial goals.
- More Pressure When Having Less Time
- Looking For A Short-Term Fix
- Fear of Taking Risk When Other Depend On You
- Be Proactive With Your Future Self
It may take more effort to create passive income now–it can be intimidating, even scary. But it’s very worth it.
We want to hear from you….
What is your story of studying the metrics to make a well-informed investment decision?Leave a comment below!
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