Story time....
I've been building businesses online for over 2 decades now. And the one theme that has been popping up since I began this journey is...
Financial freedom comes from passive income!!!
Authors have made millions selling books about the topic. Internet marketing 'gurus' have become rich by pitching this dream. And I'm sure if you have taken a stab at trying to build any online business before...You've heard the speech!
It's a unique situation for us on the blockchain as well. We are, after everything is said and done, entrepreneurs! In every sense of the word. We believe that there is more out there than the traditional world promises, and we show up every day and we BUILD!
Here's the problem...
We have fallen victim into the 'passive income myth' here on chain as well and let me explain what I mean.
There are 2 types of 'income' you can generate when you start building businesses online.
Passive income
Active income
And we have been taught since day one, that the true power in building long term financial success comes from multiple income streams passively.
This actually is quite true. The issue is they never seem to mention the first part of this equation to get to...Passive!
It's active!
If you are building anything online, a business or even your reputation and stacks here on the blockchain...You need to be ACTIVE. Which means, showing up every day and putting in the work.
Whether it's through content creation or engagement through comments, you can't just show up once every third Sunday of the month and expect to see those seeds you planted grow. You have to, put in the work.
And the 'passive income crowd' will be quick to sell you a dream:
"Buy this product, it'll build passive income for you!"
"Invest in this token, you'll earn 383937% APR!"
I call bull!
But what I do see, working in my 4 plus years of being on chain and 2 decades of building business online is this...The more ACTIVE I am, the more PASSIVE income I start to earn!
You see, the active income begins to feed your passive income streams but you have to add fuel to the fire. You cannot again, show up once in a blue moon and expect instant riches.
This stuff takes time, energy, effort and yes, dare I say it...Even a bit of capital to get it going. Think about one of the greatest passive income opportunities right here on Hive...The HBD Savings Plan!
To earn, $20,000 a year in passive interest income, you will need $100k worth of HBD in your savings account. That's fantastic but WHAT are you doing to earn that 100k?
Are you being active?
That's the secret to all this stuff. You MUST feed your passive, by being active at first. And then...Let the promise of passive income become a reality!
And until we can live off the passive, I don't know about you, but I plan on being VERY active here on chain and in my businesses!
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