Your Time, Your Money: The Path to Freedom

There are essentially two routes to building wealth:

1. Trade your time for money
2. Invest your money to make more money

Which holds the best return? Well, for me, it began with trading my time for money.

At 15, my first job was a paper route, earning $40 weekly for 4 hours of work—a decent $10 per hour at the time. Then, the entrepreneurial bug bit, and I hustled cleaning cars for $100 a day, making about $25 an hour. In my early 20s, the oil and gas industry was my next highest and best opportunity, hustling 100-hour workweeks for $20 an hour. To my surprise, the bonuses and overtime pushed me into a six-figure income, and this is where I began to question my time value.

A pivotal moment arrived when I began to study investing. It was time for my money to do some heavy lifting on its own.

Initially, my real estate investments yielded roughly $30,000 a year, then $50,000, gradually scaling to $100,000+ annually. Eventually, my passive income surpassed my active income, granting me new choices…

The fact was, I wasn’t rich, I was just a twenty-something with a six-figure income—but the passive income made the situation unique.

1. It was tax-friendly
2. It didn’t enslave me to an exhausting schedule
3. Diversification kept it more secure and predictable

This simple realization steered me towards teaching others about passive income. Why? Because it unlocked the opportunity to switch to a more fulfilling career in the world of finance, which was my true interest and passion. Shifting from a grueling 100-hour workweek to a balanced 40-hour week reunited me with family, and friends, and led me to my wife, and our shared love for travel. I finally had a personal life again as the golden handcuffs of high-paying and unfulfilling work had held me captive in my own life for years.

Then came the urge to give back. Earned income was the only means I had to give before becoming an investor, but teaching others was how I wanted to give back, and this required time. Passive income unlocked this opportunity, and it became a reality.

Did you know 60% of Americans live paycheck to paycheck? I was part of that statistic for many years. It’s been a pain point of mine for years that passive income investing is not widely taught and consequently, millions of people are opted-out of the opportunity. Not because they can’t participate, but because they simply do not have the tools and knowledge. A large part of my mission is to help spread this knowledge for others aspiring to take the path less traveled.

"Two roads diverged in a wood, and I took the one less traveled by, and that has made all the difference." – Robert Frost

Money becomes a game once you can cover your basic living needs. Any additional income becomes an opportunity to:

• Try new careers
• Retire early or retire a spouse
• Launch a business that betters lives
• Attain financial peace and lessen stress around finances
• Elevate your lifestyle

Passive income can unlock a new world of opportunities. I encourage you to ponder on this for the week ahead; it might unveil new avenues.

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To Your Success,

Travis Watts

Want to learn more about passive income investing?

Book a time to chat HERE

Check out my podcast Passive Investor Tips HERE

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