Use your salary to invest in passive income, so that passive income replaces your salary.
💰Let's breakdown 4 ways to create passive income & change your life:
- (1) What are your strengths?,
- (2) What are your weaknesses?,
- (3) What are your potential opportunities?, and
- (4) What are your potential threats?
The best advice I have for someone performing strength analysis is to always emphasize the factors that your organization can control and use to its advantage. You need to identify your company's strong points which make it stand out against the competitors.
The 70s were the last period of stagflation:
- High inflation (12.3% in 1974)
- Fed raised rates from 3% to 12%
- Unemployment increased to 9% in 1975
- Oil shortage caused oil prices to 5x (1973 to 1980)
Many similarities to today’s economic conditions
The year is 2030:
- Inflation is now at 50%
- The average home costs $3 million
- Banks still pay 1% interest
- The Fed still says inflation is temporary
- Warren Buffet is still alive & outperforming the S&P 500