90. You Are the CEO of Your Life Artwork

The Prosperity Perspective

What do successful business owners do with their money once their businesses take off? What did they do once they made their first $1,000,000 and what would they do differently looking back? We will discover that together on the prosperity perspective podcast.

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The Prosperity Perspective

90. You Are the CEO of Your Life

September 13, 2022 • Liam Leonard

Sharon Lechter is here today on The Prosperity Perspective to show how to achieve financial independence by investing in multiple asset categories. She shares her avocation that if you want to grow your passive income, it's important to reinvest in your business wisely. Focus on growing your business in a way that is sustainable, scalable, and saleable by building systems and structures that will be in place long-term and that can be easily duplicated and expanded.

Tune in to determine how to diversify your investments so that you have multiple income streams coming from different sources. This will help protect you in the event of an economic downturn or other unforeseen circumstance like the impending recession of 2022/23.

Hear why it's better to invest your time in buying assets that will generate income for you, including real estate, stocks, bonds, and mutual funds. Because it is important now more than ever to diversify your investments so that you are not relying on just one source of income and can weather any economic downturns.

3 Key Takeaways

Invest in multiple asset categories to diversify your income streams.
Reinvest in your business wisely to grow your passive income.
Be comfortable with letting go of some control when you invest in multiple areas.

Resources

Exit Rich by Sharon Lechter

The CASHFLOW Quadrant by Sharon Lechter and Robert T. Kiyosaki

Email Sharon: info@sharonlechter.com

Sharon’s workbook on personal success: personalsuccessequation.com