Nov '24 • Frameworks ⑂
Building Assets vs Working for money
There are two ways of thinking about your online business.
Most people aim for consulting clients: Exchanging their time for money.
While it is a great way to begin, it is not the way to Freedom.
Freedom comes from a business where you build an asset, and the asset makes money for you.
Here are three examples to understand this business model:
1. You create a YouTube channel and produce some SEO-optimized videos. These videos keep generating revenue and traffic 6 months after you created them.
3. You started a blog or free community and monetized it with affiliates.
In all these examples, you are earning a residual income.
While high-ticket dreams are lucrative, they are not different from a full-time job.
If you want to start a business that gives you the Time Freedom, don't trade your time for money.
Instead, build more digital real estate that creates income for you.
What do you think? Does it resonate with your understanding?
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Building Assets vs Working for money
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