Ep 6: Why Alternative Income is a Must (and How to Get It!)
I have never met a business owner who does not want to be successful. But that usually means having significant income or wealth but not spend hours getting it. It’s a bad exchange because you can never get time back.
And usually, it means coming up with a strategy to generate alternative income. That sounds easy but most medical professionals struggle to work out how to do it
This podcast is about how you can create alternative income, and the pitfalls to avoid.
Here’s why you should listen:
- Why planning for alternative income is more important than anything else. If you don’t plan for alternative income, the chances are it will never happen.
- Why can’t you do this yourself or DIY it? If you are time poor or feel you have gaps in your knowledge, the chances are that going DIY is unlikely to be successful.
- What is it you are after? Some alternative sources of income may mean more hours. Is that what you want?
- Why negative gearing is a poor strategy for creating alternative income.
- Is it worth the risk? Where do you fit on the risk scale? Don’t just run after the money
- We share some examples of how alternative income can reduce your hours, increase your income, and still lower your tax bills.