How I Built a Passive Income Stream to 6 Figures

THE BIG IDEA

Today's big idea?

Passive income.

And we're not just talking small change here.

We're delving into how I built a passive income stream to six figures.

Not an overnight miracle, nor a magic trick - but a journey of strategic planning, hard work, and a sprinkle of luck.

Benefits

Diversifying your income with a six-figure passive source can:

1. Provide Financial Freedom: The ability to pursue your dreams without the constant worry of finances.

2. Create Stability: More sources of income equate to better financial security.

3. Facilitate Growth: A passive income source can be reinvested into other ventures, multiplying your wealth over time.

Strategy

Four simple steps I use towards a six-figure passive income:

1. Start Small: Begin with low-resource businesses, such as digital products. Learn the ropes, make mistakes, grow.

2. Scale Up: Once you're comfortable, seek growth. Expand your business, start new ones, and multiply your sources of income.

3. Diversify: Don't stake everything on one venture. Diversify your income streams for better security and increased potential.

4. Invest: Make your money work for you. Invest your earnings into businesses, stocks, real estate, or any promising venture.

Sustainability

Maintaining your passive income:

1. Stay Current: Keep updated with market trends, adapt and improve your strategies.

2. Reinvent: As markets evolve, be ready to reinvent your business to stay relevant.

3. Keep Investing: Continue seeking promising opportunities for investment and diversification.

Implementation

Turning strategy into reality:

1. Take Stock: Understand what resources you currently have, what you can afford to risk, and what you’re willing to invest.

2. Build: Start your small-scale venture. Embrace the learning curve.

3. Scale: Look for opportunities for expansion - in your current venture or new ones.

4. Invest: Put your profits into promising opportunities. Keep building your portfolio of income streams.

FINAL THOUGHTS

Remember, building a passive income stream to six figures is not a sprint, but a marathon.

It’s not easy, but the financial freedom and security it provides are worth every bit of effort.

The key takeaway: Start small, scale up, diversify, invest, and stay humble.

It's not a path to instant riches, but a long-term strategy for a financially free future.

Stay ambitious,

Alex

Whenever you're ready, there are 3 ways I can help you:

1. ​The Growth Operating System:​ Join 400+ students and 50+ founders inside of The Growth Operating System. This course will teach you the system I’m using to build a massive audience on LinkedIn & 𝕏 as well as how I generate $15,000+ / month in income.

2. ​Alex’s Creator Club​: This is my private community where you’ll get 1:1 support from me. The value here speaks for itself. Try it for free.

3. ​Coaching Session w/ Alex: If you’re looking for most efficient way to take your online brand/business to the next level - 1:1 coaching is the way to go. Book a time that works for you and let’s take your business to the next level.