{"id":4190,"date":"2022-02-14T20:51:25","date_gmt":"2022-02-15T03:51:25","guid":{"rendered":"https:\/\/moneyripples.com\/?p=4190"},"modified":"2022-02-14T20:57:37","modified_gmt":"2022-02-15T03:57:37","slug":"why-every-entrepreneur-needs-passive-income","status":"publish","type":"post","link":"https:\/\/moneyripples.com\/money-ripples-st\/?p=4190","title":{"rendered":"Why EVERY Entrepreneur NEEDS Passive Income"},"content":{"rendered":"\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Why EVERY Entrepreneur NEEDS Passive Income | 557\" width=\"1778\" height=\"1000\" src=\"https:\/\/www.youtube.com\/embed\/-ObwnL-I1YQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>There have been so many things that happened from 2020 that should\u2019ve woken you up to start doing things differently for yourself and your business. 2020 was a fire alarm for many entrepreneurs and it showed us that no matter how hard we work, we could be non-essential, we could be shut down, and we could be next.<\/p>\n\n\n\n<p>If you are the next business to close its doors, what\u2019s going to happen to you? If you don\u2019t know how to answer that question, then this episode is perfect for you. We need multiple streams of income and we\u2019re going to talk more about why you need it, what happens if you don\u2019t, and how you can protect yourself further.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"quotables\">Quotables<\/h3>\n\n\n\n<p>\u201cWhat happened in 2020 was a fire alarm for you. It should\u2019ve been a fire alarm for you.\u201d<\/p>\n\n\n\n<p>\u201cThey don\u2019t invest for cash flow, they try to gamble and try to hit a home run that\u2019s gonna solve their problems.\u201d<\/p>\n\n\n\n<p>\u201cThat gamble mentality is what happens right before you tank.\u201d<\/p>\n\n\n\n<p>\u201cThe biggest thing you should\u2019ve learned from 2020 is that you need other streams of income coming in.\u201d<\/p>\n\n\n\n<p>\u201cThe more it keeps climbing up, the harder and faster it will drop on you, and it will cost you a lot of money.\u201d<\/p>\n\n\n\n<p>\u201cIf you\u2019re an entrepreneur, your number 1 investment should be your business.\u201d<\/p>\n\n\n\n<p>\u201cYou can\u2019t just keep pumping money in where it doesn\u2019t make a return.\u201d<\/p>\n\n\n\n<p>\u201cNo matter what kind of business you\u2019re in, you need multiple streams of passive income.\u201d<\/p>\n\n\n\n<p>\u201cMindset doesn\u2019t just liberate you from a numbers standpoint, but it also liberates you from an emotional standpoint.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There have been so many things that happened from 2020 that should\u2019ve woken you up to start doing things differently for yourself and your business. 2020 was a fire alarm for many entrepreneurs and it showed us that no matter how hard we work, we could be non-essential, we could be shut down, and we <a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?p=4190\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Why EVERY Entrepreneur NEEDS Passive Income<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":4196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cashflow-expert"],"acf":[],"rttpg_featured_image_url":{"full":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income-.jpeg",1280,720,false],"landscape":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income-.jpeg",1280,720,false],"portraits":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income-.jpeg",1280,720,false],"thumbnail":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income--150x150.jpeg",150,150,true],"medium":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income--300x169.jpeg",300,169,true],"large":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income--1024x576.jpeg",1024,576,true],"tf-client-image-size":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income-.jpeg",120,68,false],"1536x1536":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income-.jpeg",1280,720,false],"2048x2048":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income-.jpeg",1280,720,false],"bloom_image":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14205723\/Why-EVERY-Entrepreneur-NEEDS-Passive-Income--610x343.jpeg",610,343,true]},"rttpg_author":{"display_name":"Danielle Hollembaek","author_link":"https:\/\/moneyripples.com\/money-ripples-st\/author\/daniellehollembaekgmail-com"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?cat=1\" rel=\"category\">Cash Flow Expert<\/a>","rttpg_excerpt":"There have been so many things that happened from 2020 that should\u2019ve woken you up to start doing things differently for yourself and your business. 2020 was a fire alarm for many entrepreneurs and it showed us that no matter how hard we work, we could be non-essential, we could be shut down, and we&hellip;","_links":{"self":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4190"}],"version-history":[{"count":1,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4190\/revisions"}],"predecessor-version":[{"id":4191,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4190\/revisions\/4191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/media\/4196"}],"wp:attachment":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}