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.
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.
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