Hey, welcome back. So what's your number? Do you have it written? Are you committed? Are you sure that when you earn that money, you're going to be safe, secure, and with the peace in mind, to keep going and focus on your business. It's really key and essential.

So I hope you made the exercise you still have a chance to pause if you haven't, but I'm just going to assume that you have your number. Okay. Now, there's one little bonus little extra advice that I wanted to give on that step before we move on to the next one. And, you know, yes, your business as a full time entrepreneur will make you earn a great standard of living and I have faith in this you're going to make this happen in this transition is definitely going to help you. Now, in order to increase your assurance I'm getting there. One recommendation I would say and would like to give you is when you have this this this number that you need.

To reach, look for ways on how you could generate passive income that would help you already pay for a certain amount, a certain proportion of this money that you need on a monthly basis. Maybe it's going to be 20% 10% or even 50%. Who knows? So what am I talking about? Well, you know, here on the platform, you're probably familiar with the concept of passive income. It's basically how you can take your money, your savings, and create a structure, a mechanism that makes this money work for you.

And so that when you invest one time, this money is going to bring you back dividends in a way interests and benefits on a regular basis. There are many courses on this so I can't really go deep into the subject now. But for myself, for example, I invested in I invested in property. So by the time I started to do This transition, I made the plan on how much money I could and wanted to invest in property so that I could get some rental income on a regular basis. And for my 3000, so then I was decreasing the amount of money I needed for a month because my passive income was already helping. This courses, of course, are also a nice idea on how you can contribute one, share your knowledge to and also make some passive income.

It's not it's not huge, but it's just another idea. And as I'm using it, and as I'm promised, I will share with you my own story. Well, this is another way. Of course, you get some literature about investments and how you can generate passive income. Back to the Tony Robbins reference. Of course you haven't I really recommend you read his book called money master the game, because he's talking a lot about how How you create a financial freedom through making your money work for you.

So that's a great recommendation. And I mentioned real estate and mentioned courses or books, you know, any content that you can sell as a passive income. Of course, there's also Stock Exchange and investments. But I'm not an expert in this field. And this course is really not about this. However, there are lots of great sources and you can even contact me in private.

She'd like to know more about what sources of inspiration and what other activities I have invested in to secure my level of passive income to the maximum level that I could. And you know what this never ends. It's not that right now I'm a full time entrepreneur that I stopped investing in my passive income because the more I increase my passive income, and the more freedom I have, and the more I can build, I can create, I can invest, basically, I can contribute. So this is a question for you right now, how much of your savings have you put to work for yourself? How much return Do you get on your investments? And how much does that decrease your level of passive income?

I know here, I'm talking to people who probably have some money on the side and have earned enough money so that they could save. If you're not there yet. Well, let me give you another recommendation, start saving money now. And if you don't know how, well there's a simple book that I really recommend to you, it's called The Richest Man in Babylon. And this talks a lot about how anyone and I really mean it. Anyone can save some money, maybe not millions.

But it all starts small, to become big. This is what the transition is about. Basically, we go step by step. So do the same as your money. So what sources of passive income Can you generate? And how are you going to learn about new ways to create Passive income, their books, they're great podcasts on the subject.

Look around, ask around. Be curious about this become as passionate as I am about creating a future with financial freedom and make your money work for you. We really use this at home as a man as a mentor as a motivation factor. You know, I work, generate money and money works for my standard of living. That's the way I think it's really liberating. And I really recommend you to follow this same game guidelines and principles.

Okay, so this is the end of step one. We talked a lot about finance, but we touch security, which is one of the most fundamental needs of all humans, including me, including you. So as a summary, we defined what's your monthly average, what's the what's the amount of money you need to keep your standard of living as they are right now? What Do you want that you don't want to give up on when you're in your future life. And then we also talked as a bonus about how you can probably already advance in your income by creating some sources of passive income. So this is the end of step one.

Now, we're getting into the step to the core of your psychology, which is really, really important before we talk about your business.