One of the most beneficial factors of being self-employed is that it opens up the possibility for making passive income. As the name implies, this is income that is generated without you having to do any work (after the initial set-up). You do some work up-front to set up a passive income system, then let it run on autopilot and forget about it. Your system grows your bank account without you having to think about it, and you can move on to setting up your next passive income system.
Passive income is powerful. This is how people get rich. It’s not a get-rich-quick scheme, but with time and effort you can build more and more passive income systems and build wealth.
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