Have you ever heard the phrase, “If you can make a thousand dollars, then you can make a million”? Does this phrase make any sense to you? For a long time, I thought it made sense to me, but I didn’t really grasp the concept. This is the whole notion between earned income and passive income.
This is the type of income that we are all most accustomed to. We head to our place of employment, we clock in for eight hours, and then we leave. We are paid based on the time we put in, regardless of the results we achieve. Sure, some of us are paid more than others, but if we didn’t show up to work for a month, there’s no doubt that the paychecks would stop coming in.
This type of income is a little hazy for most of us. We’ve heard
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