Time is your true wealth | Helping employees grow income wisely | Former analyst with 4k subs | Join the newsletter | Not financial advicecheatcodewealth.com Oregon, USAJoined March 2023
💢 The government's record 43-day furlough left thousands without paychecks.
💲 I used those 43 days to build an income-generating asset using a "cheat code" hiding in plain sight in your life, too.
At 5 PM today, I'm sending an email to my newsletter subscribers that reveals:
◾ How to find the "time surplus" you're wasting every day (yes, even toilet time)
◾ Why traditional web search is dead as you know it: 60% of Google searches now end in ZERO clicks
◾ One AI stat that shocked me... and why it gives small creators an edge over big websites for the first time ever
OpenAI CEO, Sam Altman:
«You don't need to write prompts anymore.»
In 38 minutes, he explains how to use ChatGPT better than most people do.
He gave this lecture for Stanford students. My friend sent me the recording.
I watched it last night, realizing I was using maybe 15% of what ChatGPT can actually do.
Watch it, then read the guide below on how to build a system that prompts itself.
Rent rises with inflation over time and outpaces W-2. The investable capital shrinks and you never eliminate shelter expenses.
Buying a home uses leverage. Real estate rises with inflation and the cash on cash return of a mortgage exceeds traditional investments. Eventually, the house is paid for, shelter is eliminated, and they have an asset.
I'm a millennial hiring manager.
This is what I actually look for on your resume:
▪︎ How does the whole picture lead you to me? Does your career path make sense and show that you are intentional?
▪︎ What statements demonstrate that you have high introspection and a commitment to improve?
▪︎ Who have you offered as a reference? I don't need to hear their opinion, which is always biased. I want to see if you have references of people that are more advanced than you, customers of yours, and colleagues you cooperated with. Their title will mean a lot if its authentic and proves their competency.
▪︎ Recognition for good work. This can come as awards, bonuses, honors, etc. But WHO the recognition comes from matters the most. Supervisor = ok. Professional organization/association = good. Customers = great. Peers/coworkers = superb.
If you want to learn more about how millennials are approaching hiring, follow me.
Passive income has a definition problem.
Most people define it as:
“Money you earn without working.”
Or:
“Money you make while you sleep.”
Sounds appealing.
But it is not useful.
Because that definition gives you a desired outcome without giving you an action.
It tells you what people want.
It does not tell you what to do.
A better definition:
Passive income is the deployment of income-producing assets.
That shift matters.
Because now the question changes.
Instead of asking:
“How do I make money without working?”
You ask:
“What asset can I build, deploy, and let produce value without my constant involvement?”
That is a much better question.
Because passive income does not come from wishing for income.
It comes from assets that have been deployed tactically.
Examples:
• A digital product
• A rental property
• A content library
• A newsletter
• A course
• A software tool
• A systemized business process
The income is not the starting point.
The asset is.
Build the asset.
Deploy the asset.
Let the asset produce value.
That is the real passive income framework.
Passive income is not magic.
It is asset deployment.
If you want to dive deep into this topic, check out our content on cheatcodewealth.com/passive-income.
This is the first post of a series I'm writing about passive income and the assets that earn it.
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