Work Less, Earn More, and Live Free. An overview of Brian Page’s Don’t Start a Side Hustle! Do this Instead book.
THE GOLDEN NUGGET
Do you actually want to switch from a 40-hour workweek to an 80-hour job with a side business? Too many business owners want to have freedom lifestyle, but they still discover that the number of hours in a day restricts their ability to make money.
Avoid this by giving up the side hustle rat race and turning into a “Passivepreneur“—someone who creates a passive income vehicle (PIV) or several PIVs that produce income without the need for active participation.
The more PIVs you construct or build, the faster you’ll be able to live a really free life. You have some excellent possibilities to think about if you concentrate on making the revenue streams from your PIVs exceed the income you receive from your employment.
Don’t run a business and a side business. Alternatively, learn to be a passivepreneur.
The principles I will show you will lay the foundation on which you can build true wealth — wealth that can be measured in both dollars and cents as well as minutes and hours. This foundation will allow you to fire your boss if you so choose, because where we’re going, we don’t need bosses. While everyone else works their asses off to earn a living, we will instead live off our assets. Are you ready? Let’s get started.
– BRIAN PAGE
SNAPSHOTS OF THIS BOOK
1. Understand your WHY and WAN (Walk Away Number)
True wealth is measured in the minutes and hours you have available to accomplish the things you love, not simply in money and cents.
The first step in becoming a passivepreneur is to determine your walk away number, or WAN. This is the amount of monthly income you must be earning in order to permanently leave your employment.
2. Choose your first PIV (Passive Income Vehicle).
Assets of many different classifications can produce passive income. Even if you don’t own those assets, you can still get passive income from things you make or manage.
Determine which passive income vehicle (PIV) you can employ to fast reach your monthly income target. Choose the appropriate PIV for you.
3. Increase your PIV until it reaches WAN
Up until you reach your monthly revenue goal, concentrate on increasing one PIV. You’ll be tempted to keep several things going at once, but it rarely, if ever, succeeds.
Develop your first PIV while maintaining laser-like focus until you surpass your WAN.
4. Increase your income stack by more PIVs
You can then add more PIVs whenever you reach your monthly earning goal. Create an income stack with several PIVs. Continue to add PIVs that suit your needs so you may avoid working a 9 to 5.
Act as a passivepreneur. Think in terms of wealth vehicles, cash flow, and free time rather than dollars per hour.
POINTS TO REMEMBER
- Don’t run a business and a side hustle. Alternatively, learn to be a passivepreneur. Build sources of passive income.
- True wealth is quantified in minutes and hours as much as in dollars and cents. Build assets that are operational even when you are asleep.
While everyone else works their asses off to earn a living, we will instead live off our assets. With a few years of concentrated effort applied to building passive income, you can set yourself up to be free for life.
– BRIAN PAGE
Author: The Pinoy Engineer
GOOD TO GREAT BOOK SUMMARY FOR FILIPINOS
In this blog, you will find the Best Book Summaries and Productivity Tips in Taglish (Tagalog-English) made specifically and exclusively for Pinoys in and out of the Philippines tulad mo, Kabayan. Self-improvement reading is one of the most productive things to do.
GOLDEN OPPORTUNITY FOR PINOYS
Sabi nga ni Jim Rohn – “Ang pagkakaiba sa pagitan ng kung nasaan ka ngayon at kung nasaan ka limang taon mula ngayon ay makikita sa kalidad ng mga librong babasahin mo”.
If seryoso ka sa iyong personal growth and development, Basahin mo din itong FREE E-book na nagawa exclusive lang para sa mga Pinoy. 7 Steps to Living a Life Full of Abundance. Take Control of your Career, Do what you Love, and be Successful. Download the book na yan ng libre, kaibigan.
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