Post
Topic
Board Economics
Re: Making Money Work for you instead of you working for money.
by
Davidvictorson
on 08/04/2025, 23:01:04 UTC
But financial freedom in my own view, isn’t just about investing in traditional assets. You can as well build income generating systems, which include; an online store, a digital products or a content channel. It seems these will take your effort up-front, but they can generate income without you needing to be involved every hour of the day. Though, I’ve seen people starting e-commerce stores, affiliate marketing, freelancing by using platforms like Unified, Upwork, fiverr or freelancer which helps turn a business into something closer to passive income.
Doing many different things in the hopes of having multiple streams of income can be a disadvantage because you will be the jack of all trades and master of none. And a master of none makes no one. You should focus on one skill, build it up to a master or expert level before you think of adding another stream of income to it. I believe in how important specialization rather than just having multiple things doing. Sure, you can put money into agriculture, so long as you can buy and then hand off all the work to someone else to manage while the money comes in.