“Kim told the hosts that her grandparents set up a pretty sweet fund for her that would cover costs for all four years of college. But, because she didn’t budget properly, she’s out of money to cover her senior year.
As an entrepreneur, I saved up $10,000 before I started my first business. This money was my constraint. I had to learn how to create products, market my business, and live off of that money until I became profitable. This constraint forced me to start an online business, reduce overhead, and — after a few years of other projects — build this website.
Today, James Clear has a business that touches the lives of over half a million people a month.
Without purpose, $90,000 dissipates. With purpose, $10,000 turns into a business touching lives and valued at many times the original investment.
For most, passive income is not easy or automatic. It requires intentional planning, diligent work, and purposeful execution.
The next time you deposit or cash a check, remember it represents a life energy investment. The future of that investment depends on the purpose(s) that you assign today.