Or better yet, what have you done?
The key to an early retirement is the understanding that you can make money from things that you’ve already done….as opposed to things you are actively doing.
What did you want to do for a living? Paint? Be in a band? Do something good for society?
Did you end up doing something different to support the family or to keep up with the Joneses?
It’s not too late. If you focus on your strengths, you can often find your passive source.
Passive income is what allows you to follow a path that perhaps doesn’t have a high income, but is ultimately enjoyable.
Here are some possible sources of this ‘do nothing’ income:
- Write a book
- help a real estate investor fix up an old house and share the rental income?
- Rent out a section of your garage as storage
- Invent something and patent it
- Create an online presence and monetize it?
There are so many ways to build a passive income stream and often it is cheaper and easier to start that you would think…..but don’t go into debt doing so.
So I ask again, “What are you doing?”
