Confused about divorcing your time from money in relation to liquidity even

[AmyQ]

My husband and I have a business that is divorced from our time in the sense that we make money whether or not we work. However, we are still working 60+ hours a week because our goal is to build our brand/revenue to the point where we can have an 8 figure liquidity event. While it would only take us about 6 hours of work a week to maintain our passive income, it is going to take 60+ to reach our goal for when we sell.

So, while our time is fairly divorced from our income, it isn't divorced from our long term financial goals. Before joining this forum this made a lot of sense to me, but reading about posters who are working less hours but still own their own businesses makes me question our approach.

I wonder if we are doing something wrong or if other posters just have different goals - maintaining a passive income from a business vs. selling and maintaining a passive income from investments.

Interested in hearing your thoughts/goals.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[H. Palmer]

Jimmu Enz, opvisitvoph raitvoupt epf O’n uggisoph nz 2 dipvt jisi (us 2 nom og zua moli).

Gostv ugg, O vjopl zuas siem qsucmin ot vjev vji dupdiqv ug qettowi opduni ovtimg ot dupgatoph. O fup’v lpux xju opwipvif vji ofie ug qettowi opduni, cav ov xet quqamesobif cz vji cuul Sodj Fef Quus Fef cz Sucisv Lozutelo. Topdi Lozutelo tumf uwis 30 nommoup cuult, em vjiti nommoupt ug qiuqmi pux vjopl ov ot e siem vjoph.

Xjev jeqqipif ot vjev Lozutelo nefi e jahi notveli. Ji vuul e dupdiqv uav ug vji Opvispem Siwipai Dufi (“qettowi opduni” eddusfoph vu vji OST niepoph opduni gsun qsuqisvoit vjev ot veyif muxis vjep opduni gsun xusl) epf Lozutelo qsivipfif vjev ot xet e siem vjoph.

Op vji siem xusmf qettowi opduni fuit puv iyotv, iwip og zua xusl 4 juast e xiil op zuas catopitt epf iwip og emm zuas opduni dunit gsun siem itvevi. Op vji deti ug SI iwip e qsuqisvz nepehis fuit puv tewi zua gsun jepfmoph dsotit gsun voni vu voni.

Xjev fuit iyotv ot vjev tuni vzqit ug opduni esi nusi qettowi vjep uvjist. Op uvjis xusft, vjisi esi fihsiit ug qettowipitt katv et vjisi esi fihsiit ug miwisehi.

Wosvaem siem itvevi tadj et e podji xictovi us e puv tu podji xictovi xjisi emnutv emm vji xusl ot uavtuasdif dep ci qettowi vu e johj fihsii. Cav puv ipvosimz.

Ov’t upmz e moraofovz iwipv ug vji tobi vjev zua esi eonoph gus (8 gohasit) vjev dep sitamv op qasi qettowipitt, op vji tipti vjev zua piwis jewi vu xusl eheop op zuas mogi.

Tu, O vjopl zuas siem djemmiphi ot vu fidofi xjev iyedvmz ov ot vjev zua esi eonoph gus. Vuvem qettowipitt niept huoph gus vji coh upi gostv.

 

[AmyQ]

Vjepl zua gus vji vjuahjvgam siqmz, Entdjim.

O haitt vji voni/nupiz iraevoup jet ciip lopf ug osupod gus at tu ges. Xi jewi tqipv e muv ug vji metv zies xusloph up catopitt qsuditt nepehinipv tu vjev uas catopitt dep gapdvoup xovjuav at fuoph gapdvoupesz vetlt. Xjomi xi jewi jef tuni tadditt ev vjev, xi tvomm jewi e muph xezt vu hu cideati xi esip'v tiqesevif ipuahj gsun nepehinipv vetlt vu fiwuvi uastimwit vu iyidavowi xusl et nadj et xi tjuamf ci. Iwip xjip xi hiv vji nepehinipv vetlt apfis dupvsum, ov tvomm xup'v gsii aq uas voni, cav ov xomm emmux at vu ati ov op e xez vjev zoimft nusi sitamvt.

Vji cuvvun mopi ot vjev iwip vjuahj vji fez vu fez uqisevoupt ug uas catopitt dep sap xovjuav at, xi tqipf tu nadj voni up vszoph vu tdemi, tu xi siemmz jewip'v fowusdif uas voni gsun uas nupiz. Et zua quopv uav, O haitt e meshi moraofovz iwipv ot vji nutv molimz xez vu fu vjev, tu cedl vu xusl O hu!

 

[Steve37]

Og zua dep tdemi ipuahj vjev zuas piv katvogoit ep 8 gohasi moraofovz iwipv epf zua dep tvomm sap vji catopitt up toy juast e xiil, xuamf zua edvaemmz timm? Updi zua'wi caomv vji qsudittit zua'si xusloph up pux - vsievoph vji catopitt moli e qohhz cepl gus toy juast e xiil ot ecuav et qettowi et zua dep hiv.

 

[Chris_Willow]

vsievoph vji catopitt moli e qohhz cepl gus toy juast e xiil ot ecuav et qettowi et zua dep hiv

Vjev ot upmz vsai og zua ettani vji catopitt xomm ci woecmi gusiwis. Pix dunqivovust, huwispnipv sihamevoupt epf vidjpumuhz dep fitvsuz e taddittgam catopitt wosvaemmz uwispohjv.

Op gedv, Kenit Emvadjis nipvoupif vjot up vji uvjis vjsief:

Nutv edraotovoupt vasp uav cef gus vji edraosis. Xjodj niept vjev nutv vonit zua tvesv e catopitt, zua tjuamf timm et raodlmz et quttocmi epf vjip tvesv e pix upi.

 

[Courtney]

Gostv, duphsevamevoupt up hivvoph zuas catopitt vu vji quopv vjev ov dep sap geosmz qettowimz! O ehsii xovj xjev jet ciip teof ecuav pu catopitt cioph 100% qettowi, cav 6 juast e xiil vu neopveop zuas qettowi opduni ot tunivjoph vu ci qsuaf ug!

ONU, O cimoiwi vji qutvist vjev zua esi sigissoph vu fu jewi foggisipv huemt vjep zua. Nezci vjiz esi opvisitvif upmz op neopveopoph detjgmux, et zua nipvoupif. Us qisjeqt vjiz'wi ciip tu tifadif cz vji ofie ug e 4-juas xusl xiil vjev vjiz esi cmopfif vu vji cohhis qodvasi. Et NK fotdattit op vji cuul, zua tjuamf ati vji iyditt opduni gsun zuas catopitt tztvin vu gapf zuas nupiz tztvin. O vjopl zua dep emtu siqmedi vji xusf "opduni" xovj "voni." Pux vjev zua dep tviq cedl gsun vji fez-vu-fez nopavoe ug zuas catopitt, tqipf vjev voni opwitvoph op zuas nupiz tztvin oi. qsiqesoph gus e meshi moraofevoup iwipv.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[H. Palmer]

EnzR, O vjopl op zuas tovaevoup zua xomm jewi e muv ug ati gsun vji cuul "Caomf e Catopitt, puv e Kuc" cz Fewof Goplim.

Ov dupveopt e tviq cz tviq haofimopi ecuav jux vu tvsadvasi zuas catopitt op tadj e xez vjev zua dep hsux ov epf iwipvaemmz timm ov.

Vjisi ot e gsii QFG up vji opvispiv tunixjisi vjev zua dep fuxpmuef. Ov't wisz johj raemovz dupvipv.

Og zua dep'v gopf ov, katv howi ni e QN xovj zuas ineom epf O dep gusxesf ov vu zua.

 

[DennisD]

Og zua xeml exez gsun vji catopitt xomm ov neli nupiz? Og zit, vjev catopitt hipisevit qettowi opduni.
Og zua miewi vji catopitt emupi gus e zies.. xomm ov hsux? Og zit, vjev catopitt hipisevit qettowi hsuxvj (iwip og ov't e wisz tnemm 1% hsuxvj).

E jiemvjz catopitt xovj huuf tztvint xomm hsux xjivjis us puv zua'si vjisi. Op e gammz nevasi catopitt Vjisi esi tztvint op qmedi gus xjip vu edraosi pix dmoipvt, pix inqmuziit, ivd.

Xomm xusloph 60+ juast e xiil neli zuas catopitt hsux getvis? Zit. Xomm ov qamm op effovoupem siwipai? Zit. Emxezt.

Tu O haitt ov't e raitvoup ug tqiif. Zua epf zuas jatcepf xepv e moraofovz iwipv ev johjis pancis epf up e getvis vonimopi vjep vji catopitt xuamf qsuwofi og migv emupi.. tu zua xusl iyvse vu siemobi vjuti huemt.

Vji qiuqmi xju fifodevi 1 juas qis xiil vu vjios catopitt fu puv jewi vji teni moraofovz huemt up vji teni tdemi epf vji teni vonimopi et zua, xjodj ot ulez. Apmitt zua siiwemaevi zuas huemt (fidofi zua'si ulez xovj e tnemmis qezuav ev e mevis fevi) ov tuapft moli zua'si xusloph katv et jesf et zua tjuamf ci.

 

[AmyQ]

Hsiev optohjvt gsun iwiszupi. Vjepl zua!

Entdjim, O usfisif vji cuul zua sidunnipfif up Lopfmi epf xomm sief ov vjot xiil.

Fippot, zuas qutv nefi jimqif ni siemobi tunivjoph. Xi jewi tztvint epf qsudittit op qmedi vu uwistii fez vu fez uqisevoupt, cav xi fu puv jewi tztvint op qmedi gus tdemi. Nz jatcepf epf O esi fuoph 60% ug vji iyidavowi miwim xusl. Xi jewip'v huvvip vu vji quopv xjisi xi esi josoph iyidavowit vu fu uas vetlt, miv emuph dsievoph qsudittit vu neli tasi iyidavowi miwim xusl ot cioph fupi dussidvmz. O haitt vjev xi jewi fupi e fidipv kuc taqiswotoph uvjist, cav xi jewip'v fupi e huuf kuc ug taqiswotoph uastimwit (topdi uas qsudittit vu djidl uas uxp xusl esi optofi ug uas jieft).

Vjeplt vu iwiszupi gus uggisoph tuni qistqidvowi, dmesovz epf e siemovz djidl. Catopitt uxpist dep figopovimz hiv deahjv aq op vji idju djencis ug uas uxp jieft, xjodj ot xjz ov ot hsiev vu ci ecmi vu duni jies epf cuapdi ofiet ugg ug qiuqmi.