The foundation of financial freedom is to put your efforts upfront and rake in the returns forever.
1st November 2019
12 min read
The opinions expressed by the entrepreneur's contributors are their own.
Passive income has long been the holy grail for entrepreneurs looking to free up their time and free up daily chores and responsibilities from the potential of generating healthy monthly income. While the importance of passive income is not often questioned, the monumental hurdle often required to generate respectable cash flow from automatically recurring revenue streams is often too great for most.
It is clear that it is difficult to generate passive income. It requires upfront investment of a significant portion of our time, usually with little to no returns over long periods of time. We can spend months and even years without a single dollar from passive income activities, which can make even the brightest entrepreneur shake his head in utter and utter frustration.
The truth is that time is far more valuable than money. While money can be spent and earned, time can only be spent once, then it's gone forever. As we get older and older, we understand the importance of time and are free to choose what to do with these precious moments we have in life.
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