Passive Income 101: Learn How to Make Money While You Sleep and Stop Trading Time for Money EP233

ProjectME with Tiffany Carter – Entrepreneurship & Millionaire Mindset

Tiffany Carter

Entrepreneurship, Business, Self-improvement, Education

4.9 • 1.9K Ratings

🗓️ 31 August 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The fastest way to burn out is to keep trading your time and energy for money.

Most of us weren't taught there was any other way to make money, other than to be actively involved in generating it.

This created the belief: If you want to be successful, you have to hustle and grind for it.

I wanted that cash, that freedom, that success, so with my old belief system, I worked 12-14 hours a day, 6 days a week to get it. I was exhausted and miserable. Yes I made good money, but I was I too fried to enjoy or appreciate it.

There is a MUCH EASIER way to generate the wealth you desire, and I had to learn the hard way so I could teach you a better way.

Hear me on this; it is essential you create streams of passive income, where you make money without being actively involved.

Examples of Active Income: live coaching or consulting, 9-5 job, personal training, public speaking, events, and retreats

Over 90% of people only make money from active income. This has a cap on it how much you can make, as your time and energy is a very limited resource.

This is usually when another false money belief pops up for people…"well it takes money to make money, so I can't create passive income."

I'm going to share with you exactly how I started and built up multiple streams of passive income, to where it's responsible for 70% of annual cash flow.

Welcome to ProjectME the Podcast with your host Tiffany Carter, who takes the mystery out of making BIG money. A former NBC and CBS TV journalist, turned multi-millionaire entrepreneur, teaching you all things wealth, health, worth, and business. You can follow Tiffany on Instagram @projectme_with_tiffany on Facebook @projectmewithtiffany and watch her TV episodes on ProjectME TV with Tiffany Carter on YouTube.

Transcript

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0:00.0	Welcome to Project Me, the Project Me, the Podcast, I'm your host Tiffany Carter, the founder of Project Me, multi-millionaire entrepreneur,
0:16.1	former TV newscaster, money-making expert, female empowerment speaker, and self-proclaimed
0:22.4	office supply addict.
0:24.2	My mission is to take the mystery out of making big money.
0:27.6	Every week on Project Me the Podcast, I'll share success tips, strategies and stories from other entrepreneurs, experts and millionaires,
0:36.3	showing you exactly how you can achieve your most exceptional life.
0:40.8	Now let's get to it. Exciting announcement for all of my listeners. I've officially opened my exclusive group, the Project Me, Passive Income Posse, to the public.
0:57.5	This group is by application only so we can keep the group high vibe and spend our time, energy, and expertise only helping those of you who truly want massive success and impact.
1:08.0	You get live weekly trainings from me, special guest coaches, and direct access to me and my business partner for all of your questions.
1:16.8	To learn more and apply, go to ProjectMe with Tiffany.com, click on work with me and select Project Me Possie.
1:24.0	And of course any questions, feel free to DM me at Project Me with Tiffany Carter, the Podcast and Possie. I'm your host Tiffany, Tiffany and today my podcast and
1:45.0	today my goal for you is to stop trading your time and energy for money
1:50.0	When we do that we end up not being able to create that true freedom, that true lifestyle that we so badly
2:00.4	desire and true wealth because time and energy is a limited asset.
2:06.8	This is also why it's our most precious asset and the asset that needs to be preserved, nurtured,
2:12.8	and tended to the most, because we only have so much of it
2:17.7	at any given time.
2:20.3	And it's also on a sliding scale, right?
2:23.0	Some days you have more time and energy than others,
2:25.0	some weeks, some months, depending on what's going on in your life,
2:30.0	how you're feeling.
2:31.0	If you're someone who has you know some form of illness or
	...

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