From $52K in Debt to $100K/Month in (Almost) Passive Income

Lots of people within the financial independence group efficiently get out of debt, however not a lot of them get out of debt after which begin a month-to-month six-figure side business. One one that has accomplished that’s Deacon Hayes. Deacon was raised by a single mom on welfare who taught Deacon that debt was a lifestyle. When Deacon married his spouse, they each collectively realized that the one manner for them to reside the life they wished to, was to get out of debt.

Deacon did no matter he may to repay his debt. He delivered pizzas and resold furnishings, all whereas working full time. As soon as he was out of debt, he determined his ardour was in instructing others how one can eliminate their debt, so he grew to become a financial planner and began his web site, Well Kept Wallet. His story was so nicely obtained that he was introduced on to document with Fox and inform their viewers about his debt-free journey.

Deacon left the monetary planning world after realizing he didn’t need to simply assist the wealthy, however the common particular person who nonetheless struggled with debt. To subsidize his enterprise, he began an internet site constructing enterprise, however later automated this and saved the lion’s share of the revenue whereas doing little or no work. He began an SEO (search engine optimization) enterprise and did the very same factor. Then as Nicely Saved Pockets was bringing in large income numbers, he did the identical, hiring one other employee to fill his function so he may deal with what he loves.

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In This Episode We Cowl

  • Getting rid of debt as quick as you may so you can begin saving and investing
  • Foreclosures, land leases, and different actual property predicaments
  • Ensuring you preserve a big emergency fund (particularly when you’re an entrepreneur)
  • Find out how to hit “hockey stick” degree progress and what to do once you need to step away
  • Firing your self from your online business and studying to outsource
  • Find out how to set up self-worth after you “retire”
  • And So A lot Extra!

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