Client Magnets Official Blog

If you’re at all fascinated by the concept of passive income, the first thing you need to realize is that time is completely irrelevant to how much money you make.

Now, it may take awhile for you to truly accept this. Even though you may understand the notion in theory, until you actually experience it, as dancers say, “in the muscle,” passive income will remain a fascination, not an everyday reality for you.

This is because there’s a big difference between knowing something in your mind and experiencing the same thing in your body – just think of the difference between seeing a rollercoaster and riding the rollercoaster.

Chances are that you have certain beliefs and attitudes that are blocking you from getting to the point of making passive income – or making money in your sleep, as I like to say.

The main deterrent is the notion that your income should be directly proportional to your time and talent. You may know intellectually that this isn’t true – but your subconscious clings to the belief that it is true.

One of the biggest steps you can take is to make the change from selling your time to selling your expertise. You need to break this time-money trap and really start to get vigilant about where time and money are connected, where they don’t need to be connected, and the things you can do to break that connection.

If you’ve got the time-money trap going on anywhere in your mind, you can know all about passive income streams, you can know about having products, you can know about having an information empire, yet you will consistently hit setbacks and delays, and encounter obstacles as you attempt to put these in place in your own business.

So if you’ve been trying to get that product off the ground, to get your new website going, to put everything in place – and yet it just feels like you’re pushing water uphill – chances are it’s not because of the process that you’re following. It’s because there’s some psychological or emotional block that’s getting in the way.

Perhaps the most challenging thing you’ll face as you build your own business is really quieting down the voice in your mind that says things like: it’s not supposed to be that easy, you haven’t earned it, you don’t deserve it.

That voice just keeps telling you that the money you earned should be proportional to the time you put in.

You need to stop listening to that voice. It doesn’t want you to succeed. If you can stop hearing it, you’ll be on your way to breaking the time-money trap, and reaping the rewards of passive income.

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