How To Build Passive Income And Create Wealth

Here's what I learned about it from @naval

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You’re not going to get rich renting out your time.

You must own equity, a piece of a business, to gain your financial freedom. https://twitter.com/naval/status/1275635836374134785
You achieve financial freedom and wealth when your passive income covers your expenses.

Build and buy assets that will earn for you, regardless of you working or not. https://twitter.com/naval/status/1002103497725173760
At first, you suck.

Then you get better.

Your 1000th tweet, email, blog post, product, or idea... will be much better than your very first try.

Keep learning. Keep trying. Keep analyzing the market's feedback.

Then try again.

One more time.

Until... https://twitter.com/naval/status/1245092969214029824
A great way to earn passive income is to create digital products.

With digital products:

@joserosado earns a full-time income from a tiny Caribbean Island

@dvassallo was able to quit a $500K job at Amazon to work for himself https://twitter.com/naval/status/1248464379655229440
You don’t NEED 100K followers to earn a living.

A tribe of 1K true fans is all you need.

Out of 7 billion people

Do you think you could find 1K who share the same beliefs, and wants as you do?

If something works for you, it could work for them too. https://twitter.com/naval/status/1287530443978313729
If you really want to create confusion, ask people what they think.

Listen to your market's feedback as a whole, not people.

Henry Ford said it best:

"If I had asked people what they wanted, they would have said faster horses.” https://twitter.com/naval/status/1278401043563286528
If you got value out of this thread,

please like every tweet and RT the first tweet of this thread ☝☝

Thank you🙏

//the end//
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