At FIRELife Financial, we teach people all about FIRE, the Financial Independence Retire Early movement. A significant point of the FIRE movement is to get to a place of financial independence where you don't have to work a regular 9-5. We believe that true financial freedom comes from forging your path and building passive income from multiple sources.
One of the main ways you can do this is by starting a business and being your own boss. Owning your own business can bring much freedom to your financial life. However, not everyone's business is the same. In many cases, people who follow FIRE will try to focus on starting online businesses such as selling physical products on Amazon, eBay, or dropshipping. Other options include ghostwriting, running a blog, vlogging on your Youtube channel, streaming, gaming, affiliate marketing, or selling online courses. Others might do service-type jobs like cleaning houses, car detailing, or dog walking.
At FIRELife Financial, we provide an opportunity to do just that. The Life Insurance industry is a fantastic opportunity for you to build your own business with passive residual income for life. The insurance industry is prime for disruption, and we have been growing year to year. Our agents are making six figures and changing their futures.
Whatever business you decide to start, we highly recommend beginning with something that you love to do. As you seek to get out of debt or create an additional income source to increase the velocity of your FIRE journey, make sure you think strategically and try to avoid doing things that will suck the life out of you or won't bring you a good return on your time. Dave Ramsey says “The worst thing you can do is go out and get a second job”. Your best option is to start your side hustle where you can control your schedule, have the most profit capability, and, if possible, have the potential to turn into a passive residual income stream.