Let’s take a look at passive income and linear income.
Linear income is something that most of us have been taught and ascribe to, even if we are self employed. You know. Go to school get a job, work 40 hours (or more) a week and retire on 40% of what you couldn't live on while you were working!
I’ve been self employed most of my life. I create beautiful photographic images for my clients and then stay up half the night working in front of my computer to cull through them, categorize them, retouch them and prepare them for printing from my pro-lab. ~How many hours am I trading for the dollars I am generating? A lot! Unfortunately, the more hours I trade… the less value each hour holds. In other words, I’m making less money per hour.
Once that time is gone, it’s gone for good. Even though I run my own business, I am still a slave to the linear income system.