WorkingOnTheGo

Is Freedom

[WorkingOnTheGo @WorkingOnTheGo]

We shop MADE IN AMERICA.

[WorkingOnTheGo @WorkingOnTheGo]

(MUST)

[WorkingOnTheGo @WorkingOnTheGo]

Trump Media Group CRO Strategy to Acquire $6.42 Billion for CRO Digital Asset Treasury https://t.co/abi4MbalcD

[WorkingOnTheGo @WorkingOnTheGo]

WLFI tokens will soon be tradable and transferable, with 20% of tokens unlocked for early supporters https://t.co/3tsWANexRN via @OdailyChina

[WorkingOnTheGo @WorkingOnTheGo]

2024: The State of Generative AI in the Enterprise https://t.co/ARN7jXb3m2

[WorkingOnTheGo @WorkingOnTheGo]

How to Sell Your Startup: The Complete Guide to Running an M&A Process as a Founder https://t.co/qMZqwl0lZY

[WorkingOnTheGo @WorkingOnTheGo]

@shedntcare_ YouTube

[WorkingOnTheGo @WorkingOnTheGo]

@socra_ed Very proud of you.

[WorkingOnTheGo @WorkingOnTheGo]

Yes! We are witnessing a once-in-a-lifetime event with Nvidia's rags-to-riches story. The DJIA, which tracks 30 of the largest and most actively traded US companies, needs Nvidia $NVDA to stay relevant in the tech-driven market. Without NVDA, the DJIA risks becoming obsolete. #Nvidia #DJIA #StockMarket

[WorkingOnTheGo @WorkingOnTheGo]

I recommend, “Bouncing back fast after failure” for graduating GenZ.

Failure is inevitable and should be welcomed in entrepreneurship. The speed of our success is directly related to our ability to LEARN fast from our failures, UNLEARN outdated ways, and RELEARN by viewing setbacks as opportunities to relearn more and grow. Surround yourself with a supportive mentoring and mentee network and practice exponential goal-setting and growth. Make measurable progress in a reasonable time. Good luck, you can do it!

[WorkingOnTheGo @WorkingOnTheGo]

@socra_designer Looking forward to use socra v1.0

[WorkingOnTheGo @WorkingOnTheGo]

The press release from the Federal Trade Commission does not explicitly mention whether the new rule banning non-compete agreements applies to independent contractors or only to employees. It refers to "workers" in general without making a distinction between employees and independent contractors.

Since independent contractors are not technically employees of the companies they contract with, there could be some ambiguity around whether the FTC's rule covers non-compete agreements used with independent contractors as well.

Without additional clarification from the FTC on this specific point, it's difficult to say for certain whether independent contractors would be included in the ban on non-compete agreements based solely on the information provided in this press release. The FTC may provide more details on the scope and definitions when the final rule is published in the Federal Register.

[Daniel Priestley @DanielPriestley]

Passive Income Doesn't Exist.

Over the past 20 years the biggest buzz word for people in business or those seeking financial freedom is “passive income”.  As the name suggests, it's an idea that you can earn income that you don’t have to work for.

In my experience it is also a damaging “wealth creation” idea. It sucks the life out of people and causes them to do dreadful things that waste their time, money and energy.

The idea of passive income by definition means you are trying to make money from something that you don’t want to be doing.

I see people who fundamentally aren’t interested in property, going out buying property because they think it will be “set and forget”. I see people who loath technology, setting up web sites because they think their dull, average, uninspired creation will replace their wage. I see people who have never taken an interest in publicly traded companies suddenly fixating on price charts so they won’t have to worry about money some day. There is a deep fundamental flaw in this logic.

The reptilian limbic system of the brain is a sucker for “easy wins”. It’s the part of the brain that controls fear, fight and flight. It believes we live in a scarce world with an imminent drought around the corner. Passive income appeals to the parts of the brain that think gambling is a good idea because it feels emotionally rewarding despite being a logical disaster. This primitive part of your mind isn’t built for complex thinking, it can’t figure out that spending 1000 hours and $5000 setting up a $87.60 per month surplus is hardly time well spent.  It just wants the emotional payoff of never having to worry about money some day. The worst thing is that when the limbic system is in control, the creative parts of the brain that do generate lots of opportunity can’t function.

It’s NOT passive.

What most people come to discover is that a property portfolio is hardly passive, nor is a web site, or an MLM downline. All of these, so-called “passive-income” vehicles require maintenance and upkeep. Tenants cause dramas, web sites consistently need updating and downlines require constant encouragement. People who succeed at these things dedicate themselves to their craft.

Look closely at passive income and you will often see "deferred income". Someone pours in hours and hours of their time without pay and then they get paid out slowly. An entrepreneur might spend 1000 hours setting up their business before is starts paying them a the kind of wage they could command in a corporate.

You might also see "risk income". People who make money flipping dilapidated property are dealing with huge risks. There is a high chance something will go wrong with their project and they could be in over their head. Taking on that risk is what's creating the return, not the fact that they aren't working.

So what does work? What is the alternative that does produce results? What has been the secret to wealth since the dawn of time?… Asset income.

Assets are things that deliver value when you aren't in the room. A house is an asset, a share in a company is and so is the rights to a published book.

These assets need to be either created through innovation, purchased and improved or transferred through death/divorce. Owning assets is the key to earning "asset income". As soon as this is clear, then the goal is not to find things that are passive - it's to accumulate the kinds of assets you are well placed to own and improve.

[WorkingOnTheGo @WorkingOnTheGo]

Daniel makes a compelling argument that the concept of "passive income" is often misguided and unrealistic. As he points out, truly passive income streams that require little ongoing effort are rare. Most so-called "passive" income sources, whether rental properties, websites, or business ventures, actually demand significant upfront work and continued maintenance.

Instead, Daniel advocates for focusing on building "asset income" - earnings from assets you've created, purchased, or inherited that continue to generate returns over time. This aligns with the idea of "repeat income" - revenue streams that may require an initial effort but then provide reliable, recurring payouts with less ongoing work.

The key advantages of repeat income over passive income are:

1. Sustainability - Repeat income sources like rental properties, dividend-paying stocks, or royalties from creative works tend to be more stable and reliable than one-off passive income. For example, I know of a Direct-to-Consumer (DTC) company with annual sales of $2.5 billion that has a monthly product reorder rate of 96% and has paid out over $7 billion in revenue sharing for those who refer Preferred Members. This win-win partnership has provided repeat income for over three decades, and the company continues to grow while remaining debt-free.

2. Scalability - Assets that produce repeat income can often be expanded or leveraged to generate even more returns, unlike truly passive income.

3. Alignment with skills - Repeat income is more likely to align with your existing knowledge and abilities, making it a better long-term strategy than trying to create "passive" income streams outside your expertise.

Overall, Daniel makes a compelling case that the pursuit of "passive income" can be a distraction, leading people to invest time and money into ventures that are anything but passive. A more prudent approach is to focus on building and maintaining income-producing assets that align with your strengths and interests. This "repeat income" model is a time-tested path to financial independence.

[WorkingOnTheGo @WorkingOnTheGo]

@MyMemoAI @mreflow Looks very promising at the outset.

[WorkingOnTheGo @WorkingOnTheGo]

SoundHound AI CEO @KeyvanM joined @BloombergTV to discuss #generativeAI's future role in our lives. With 20+ years of pioneering conversational AI where consumers interact, @SoundHoundInc has become the gold standard. Voice AI will be integrated across consumer touchpoints. Great to see @nvidia's confidence backing SoundHound's vision.

[WorkingOnTheGo @WorkingOnTheGo]

We shop MADE IN AMERICA.

[Yahoo Finance @YahooFinance]

“AI customer service will be as necessary to every business as WiFi to electricity,” SoundHound AI CEO Keyvan Mohajer predicts.

[WorkingOnTheGo @WorkingOnTheGo]

Congratulations to Nvidia for reaching a milestone stock price of $694.38! 🎉📈 The company's stock jumped to an all-time high today after investment bank Goldman Sachs hiked its price target on the maker of chips to $800, signaling a 21% potential leap from its current levels15. This achievement reflects the company's pioneering role and its strong position in the industry. Keep up the great work, Nvidia! #Nvidia #StockPriceMilestone 😎🙏🇺🇸

[WorkingOnTheGo @WorkingOnTheGo]

Forget FAANG and the "Magnificent Seven." It's time for the "AI 5," According to This Analyst. https://t.co/jMuNh0ijeK

[Mike V. @teamVRY]

Working on the go 💻

[Lenovo ANZ 💻 @LenovoANZ]

Working on the go? The Legion 9i is a high-end, agile multitasker that can be called upon anywhere. #Windows11