This is a new type of series for the Passive Wealth Principle, called "The Trade-Off."
In this series, I delve into some of the tips and insights that I share with my newsletter subscribers. If you haven't already, make sure to sign up for the newsletter on PassiveWealth.com to receive the written post a week early, as well as other exclusive content and offers.
In this episode of "The Trade-Off", Jake discusses the difference between being rich and being wealthy. He introduces the four primary ways people earn money: as an employee, entrepreneur, business owner, or investor. Jake uses a game called "Rich vs. Wealthy" to illustrate the differences between these paths. He then discusses the different levels of wealth achieved by three individuals and explains the concept of net worth and business value. The episode concludes with strategies for transitioning between paths and achieving greater wealth.
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