Quote from: Davidvictorson on April 08, 2025, 11:01:04 PM

Quote from: Berryfolia on April 08, 2025, 06:40:04 PM

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 or sports just something, so long as you can buy and then hand off all the work to someone else to manage while the money comes in.

Yes, this makes more sense. Don't follow others, if you believe in one thing you want to hone, focus on it, don't watch people do A you do A, then watch others do B you do B, later all of this will not work in the end. The key to great achievement is focus, because our time is limited and time cannot be repeated. If we are successful in one job, then think about the next step because without one skill that we really master, it will be difficult to move on to the next stage.

When income starts to stabilize, then invest in long-term assets such as btc, property and other assets. Rich people on average also build a stable income first and then invest for the long term because investing is a step to make money work for us.