001 Passive Income: How to Work Less and Make More Money
Making Money Online with Lisa Johnson
Lisa Johnson
5.0 • 567 Ratings
🗓️ 15 July 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
In this episode, we will talk about passive income, and how to earn more money working less time. We will start by demystifying the concept of passive income, and then I'll share some of my experiences creating passive income.
I'll also share the CASSH framework, a system I've designed to generate passive income.
What You Will Learn In This Episode:
- What passive income really means
- What are the best ways to generate passive income
- How I transitioned from trading time for money to creating passive income
- The five steps of the CASSH framework
When we exchange our time for money, even when that time is sold at a high price, we are operating in a business model that is not scalable. We have a limited number of hours to sell, and the chances of burning out are big. On the other hand, passive or semi-passive income are scalable and replicable business models; they require effort and hard work at the beginning, and then they become easier with time.
Resources:
- Download my FREE Launch Strategy Guide https://www.lisajohnson.com/launch
- Visit my website https://www.lisajohnson.com/
- Follow me on Instagram https://www.instagram.com/lisajohnsonstrategist/
- Follow me on Facebook https://www.facebook.com/lisajohnsonstrategist
Transcript
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| 0:00.0 | You're listening to Making Money Online with Lisa Johnson, the podcast that tells you what it really |
| 0:09.2 | takes to build a business and the simple steps to get you there. |
| 0:12.6 | I'm determined to share with you the reality of easy, simple business marketing tips |
| 0:17.3 | to make passive income so that you can start making money online. |
| 0:22.5 | Hello, hello, I'm excited today to talk to you about my favorite subject, which is passive |
| 0:27.9 | income and how to earn more money while working less time, because isn't that what we all want? |
| 0:34.3 | So let's dive in. Working less and making more money is something that I thought was a myth. |
| 0:42.3 | I remember when I was younger, I don't know about you guys. I remember my dad telling me that if I |
| 0:47.6 | wanted to earn more money, then I just had to work harder and that the more I worked, the harder |
| 0:52.8 | I worked, the more money I would then make. |
| 0:55.5 | And I believe this to be true because, you know, I trusted my dad and other people who had said, |
| 1:00.7 | you know, you have to work really hard to make money. What I didn't realize is that there was a |
| 1:04.3 | different way and that actually you could work smarter rather than harder, which is what I do now. So going back to how this all started for me |
| 1:14.4 | and why passive income came into my life, I had started my business, my consulting business this was |
| 1:20.2 | and did what everybody told me to do, which was, you know, get clients, get fully booked. |
| 1:26.1 | And so I did. I was like, okay, if that's what needs to happen, that's what I'm going to do, you know, I'm going to go out there. I had a good work ethic and I'm going to get one-to-one clients. And so I started a Facebook group and I was going live every day and I was getting these one-to-one clients. And quite quickly, within the first six months, I was making quite a lot of money. |
| 1:46.8 | I made £100,000 in the first six months in profit. So that was quite good. And while doing that, |
| 1:55.6 | I was working all of the hours that God sends. So there I was thinking, yeah, I'm going to run my own business. And when I run my own business, what I'm going to do is spend loads of time with the kids and I'm going to travel and nobody's going to make me come in and do things that I don't want to do. I'm never going to have a boss again. And that's how I thought it was going to be. And in reality, I gave up my nine to five and was |
| 2:18.6 | working from like six in the morning to 11 o'clock at night sometimes on my business. And while I did |
| 2:25.3 | enjoy my business, and so it didn't always feel like work, it was still time that I wasn't spending |
| 2:30.3 | with my family, wasn't going out with my friends, wasn't doing some of the other things that |
| 2:34.4 | I really wanted to do, like travelling. And so I knew that something was going to have to change |
... |
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