EPISODE 105

Passive Income: How to start and why you'll resist it

 Hi there, 

Growing up, I never imagined that there would be a day when I could make an income without putting in the usual one-to-one effort, like selling a product or service in person. 

Everything changed when I stumbled upon the concept of passive income in my early 20s. 

With the rise of the internet, I realized the traditional way of earning money was evolving.

So I started by writing an ebook and selling it online but I felt uneasy about being paid for something I had already created. 

This is the biggest mindset problem I see with passive income today, and why so many entrepreneurs are skeptical of the idea;

For some, passive income doesn’t feel real, and sometimes it doesn’t feel ethical.

The idea of creating something once and being paid multiple times goes against the money beliefs many of us have been raised with, so can bring up guilt or feel risky. 

In today’s podcast episode, I’m dispelling some myths about passive income to motivate you to get started on your next passive income stream.

Plus, we look at passive income through the Money Archetypes lens.

Because each Archetype has its own specific blocks and challenges when it comes to passive income. 

Passive income can be a game-changer, especially for Accumulators, Rulers, and Mavericks, but all Archetypes have blocks and resistance to passive income.

 In today's episode, you'll learn:

• How I got started with passive income and the blocks I had to overcome
• Why each Money Archetype will resist passive income
• Tackle common challenges associated with passive income.
• How to uncover new passive income ideas and opportunities 
• How to break free from the “I have to work hard for money” block 

If you haven’t yet taken the Money Archetype quiz, discover your Archetype and what it means for your passive income here.

In the world of entrepreneurship, passive income can be a challenging concept to embrace, but once you do, it can transform your income.

Let me know what your aha’s are from this episode and what’s stopping you from starting with passive income.

xx Denise

P.S. NEW WORKSHOP COMING SOON >> I’m excited to tell you that I have something exciting starting soon to help you grow your business. 

I know how hard it can be to find a mentor who understands your business.

Most business gurus teach what they know.

But ultimately, what works for them doesn’t automatically work for you.

So if you’re following cookie-cutter advice, it can lead to frustration or burnout.

Personally, I’ve wasted thousands of dollars following business advice that just didn’t feel authentic to me.

My million dollar lesson is that you have to build your business around your money personality - and have the courage to do business on your terms. 

I’m just about to open up my once-a-year business course where I teach you how to leverage your strengths and make more money using Money Archetypes. 

I’ll show you how to design your business, create marketing, passive income, grow a team and more - by doubling down on your strengths and learning to avoid your challenges. 

Plus, there’ll be an opportunity to work with me live as your coach and be part of an incredible community. 

Join the waitlist now at denisedt.com/sma to be the first to get all the details.