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cover of episode 430: You Need To Know This About Passive Income

430: You Need To Know This About Passive Income

2024/10/31
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Key Insights

Why is the concept of passive income often misleading?

It suggests eliminating work entirely, but true freedom comes from designing work to fit life.

Why does Natalie emphasize the importance of focusing on your own business?

Comparing to others distracts from nurturing your own success and growth.

What does Natalie suggest instead of chasing passive income?

Design work to align with personal goals, lifestyle, and desires for true freedom.

How does Natalie describe her approach to work-life balance?

She works in intense periods followed by time off, focusing on creative tasks that energize her.

What are the three questions Natalie recommends asking to design a fulfilling business?

1) How do I want to spend my time? 2) What parts of my work feel fulfilling? 3) How much do I want to earn?

Chapters

Natalie debunks the myth of passive income, emphasizing that true freedom comes from designing work that fits your life.
  • Everyone trades time for money in different ways.
  • Freedom comes from designing work to fit your life, not eliminating it.
  • Intentional work design creates more freedom.

Shownotes Transcript

In this episode, Natalie shares her insights on the myth of passive income, emphasizing that true freedom comes from designing your work and life intentionally. She discusses her personal experiences with work-life balance, the importance of focusing on your own business rather than comparing it to others, and how to redefine success in a way that aligns with your values and goals. She shares three better questions to ask yourself than, “How can I stop trading my time for money?”

TIMESTAMPS

00:50 - Introduction and Life Update

03:00 - The Myth of Passive Income

11:00 - Redefining Success and Work

12:30 - Designing Your Work for Freedom

15:20 - The 3 Questions You Should Be Asking Yourself

17:30 - Reverse Engineer Your Business

RESOURCES + LINKS

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