Passive Income Lifestyle
On a Wednesday evening early March 2020, breaking news was broadcast across all major media channels in the U.S. with President Donald Trump standing at the podium of the White House Press Room.
Moments earlier Josiah Smith had just spread his takeout Thai food that was delivered to his apartment in downtown Seattle via Uber Eats. The driver had knocked on his door, greeted him with a smile, and promptly handed him his food. “The gig economy must be a pretty cool way to make money”, Josiah thought to himself.
Josiah had just finished college at the University of Washington 2 years prior and had landed a decent paying entry position at a local marketing outfit. The salary was enough to cover his cost of living, however, there was really no wiggle room in the budget for saving, investing, or travel.
Due to inflation the cost of living in most metropolitan areas along the west coast had already been skyrocketing.
Besides, Josiah was taught at a young age to go to school, get good grades, finance a college loan, graduate with a degree, find a good paying job, work hard for the company, and retire at age 62 with a 401(k).
He was doing exactly what his parents had taught him, nothing more.
And thus, everyday was exactly the same… wake up, consume coffee, grab a quick bite, rush to the office, deal with office politics, work long hours, and then sit in rush hour traffic to return home where he would only have a few hours available before he would need to get to bed. Just so he could wake up and do it all over again the next day.
It was exhausting and boring.
“I would give anything to have more freedom like those Uber Eats drivers”, he mumbled.
The smart TV in Josiah’s apartment began to rumble with applause as President Trump took the stand, “My fellow Americans, tonight I want to speak with you about our nation’s unprecedented response to the coronavirus outbreak that started in China and is now spreading throughout the world. Today, the World Health Organization officially announced that this is a global pandemic.”
Josiah paused for a moment to reflect on this statement made by President Trump.
What does this mean? Is it possible that I can catch this coronavirus? Should I be leaving my home? How will I work? How will I make money? Will the entire economy shut down? Is my savings secure in my bank account? How will my 401(k) be affected?
As the many scenarios began to play out in Josiah’s mind he began to feel fearful. Up to this point in his life the only way he knew how to financially survive was to go to a job for 50-60 hours per week.
He had read about these black swan events throughout history, but never actually experienced one.
There were many examples he could think of off the top of his head.
The Wall Street crash leading to the Great Depression in 1929.
The recession leading to WWII in 1937.
The Black Monday Oil Shock in 1987.
The Dot Com crisis in 2000.
The Financial Crisis in 2007.
Sadless to say, he did not sleep very well that night as his mind raced through every worst possible case scenario.
Job Security Debunked
A month later, as the pandemic continued to surge, Josiah began to witness the horrific effects of this pandemic. In public, many people were wearing medical masks, businesses including restaurants, bars, gyms, schools, and many others were closing down. The focus of every discussion was this coronavirus and every media outlet was broadcasting it 24/7.
It was very surreal to Josiah.
In mid June Josiah’s company decided to have an imminent company wide meeting. As all 45+ employees gathered in the boardroom there was a sense of unease. It was obvious that a company wide meeting during the midst of a worldwide pandemic could only mean one thing, and it wasn’t going to be good news.
The CEO of the company took the stand behind the podium and began his speech, “I want to thank all of you for coming in today. Our company has been around for 20+ years and has seen a handful of economic highs and lows. As you all know we are facing a worldwide pandemic which continues to grow more contagious by the day. I regret to say there have been a handful of people I personally know that have passed away. In order to keep our employees, vendors, and clients out of harm, we will be enacting a work-from-home policy for those of you whose job duties entail the possibility of remote work. For the rest of you, I regret to inform you, you will be laid off indefinitely until this pandemic has run its course. If possible, I urge you to contact the state unemployment office for unemployment benefits. Congress has also acted with a federal Pandemic Unemployment Assistance. When these benefits will kick in and how much I cannot say, it will be on a case by case basis which you will have to personally take up with the state unemployment office. We know how hard this may seem, but it’s in the best interest of all parties involved. Thank you.”
Josiah’s worst nightmare had suddenly come true. He was fairly new to the company so he knew most definitely he would not have the opportunity to work remotely. As he drove home that afternoon his thoughts plagued him.
How would he pay rent on his downtown Seattle apartment?
Would he have enough to pay the power during the cold winter months?
How would he make his car payments? Insurance?
Would he have enough money to eat?
Would he qualify for unemployment benefits?
How much would the benefits pay?
How long would he have to wait?
Josiah did have a small savings, but it was barely enough to cover 1 month of expenses. And, he definitely could not be spending money on any discretionary items.
This idea of going to school, getting a good paying job, investing in a 401(k), and saving for retirement seemed to be falling apart.
Again, that night Josiah’s mind was racing.
How could all of this happen?
Why does it seem like having a job is so risky?
Is there even such thing as job security?
What other options do I have to produce income?
Although he could not see it, that day would become a defining moment in Josiah’s life.
The Right Type of Education
Over the next few months Josiah began to question this idea of working a 9-5 job, living paycheck to paycheck, working for an employer who was getting richer by his efforts, forced to take orders from his peers, and never having enough time to do the things he really wanted to do.
On top of all of that, his job could be taken away from him at the blink of a second as he had already experienced.
It didn’t make sense to Josiah, there had to be something more.
As he scrolled Instagram during another sleepless night he noticed a meme by Robert Kiyosaki that read “The single most powerful asset we have is our mind. If trained well, it can create enormous wealth.”
This intrigued Josiah, in fact, he began to explore this Kiyosaki guy and stumbled upon a purple book called Rich Dad, Poor Dad. He became so immersed in this literature he read the book 3 times in one week. Not only did he begin to find more books written by Robert Kiyosaki, but he also found a slew of different influencers who operated with the same mindset.
And thus began Josiah’s journey to lifestyle freedom. Over the next couple of months and years he found himself studying this idea of wealth creation daily.
The most important concepts he grasped included…
- Learning about the history of money.
- Aligning the mind, body, and spirit with purpose.
- Becoming an expert in personal finance.
- The shift from employee to investor.
- Creating a massive credit portfolio for business deals.
- Investing in business, real estate, stock market, fixed income, gold & silver, cryptocurrency, etc.
- The many benefits of doing business and living abroad.
- Creating a lifestyle of freedom and happiness.
As Josiah became more and more financially educated he began to realize that there were hundreds of ways to create money. And, many of these solutions were very easy and even free.
The interesting part was that this type of education was very different from the theory he spent several tens of thousands of dollars on at the university. Also, it differed in the sense of the technical skills he spent months training with his employer.
This was the education he was looking for. This is what he would immerse himself in for the rest of his life. This was his new found purpose in life.
So Josiah rolled up his sleeves and began to dig in deeper because he knew there was much more to learn.
And, he knew it would require dedication to the right type of education.
Actions Speak Louder
As Josiah progressed in his financial education he knew there would be a time when he would have to put down the books and start taking action.
He uttered at the thought of this moment.
He had no experience in growing mentally, physically, and spiritually. He had never created a budget to track his spending. He had no clue how to start a business. He had no idea how to qualify for $500,000+ in credit. He had never invested in anything beyond his employer’s 401(k) plan. He had never traveled abroad. And, he had never even dreamed about designing a lifestyle that gave it all back.
The simple fact was that the greatest battle being fought was inside his own head. Fear, doubt, laziness, etc. were the major causes of concern for the thoughts and beliefs that plagued his mindset.
He was beginning to realize that he had let emotions control his behaviors his whole life. In fact, these non-tangible elements were just false evidence appearing real (F.E.A.R.).
There was really nothing in his way, just his own thoughts and beliefs.
He was beginning to see the reasons why people naturally lean towards the status quo of life.
“If it was easy, everybody would be doing it”, he thought to himself.
It is easy to stay the same, it is difficult to change. Most people choose to stay the same all of their lives.
If he could only find the strength to face these fears and take actionable steps to move forward, he could open the door to a passive income lifestyle.
“There must be other entrepreneurs who are on this same journey”, he rejoiced.
So he set out to surround himself with a community of like minded individuals who were on the exact same journey.
“I bet these individuals are constantly studying financial education and taking massive amounts of action”, he proclaimed.
Josiah needed to begin learning how to think like an entrepreneur thinks.
Welcome to Insider Access
If you have come to a crossroad in life were you can relate to Josiah’s story please follow his passive income lifestyle journey. Do not be alarmed because we ourselves have felt these same thoughts and beliefs.
At first glance many of the ideas that are presented at Insider Access may seem unfamiliar and risky. However, with the proper financial education you will begin to become familiar with the process in order to mitigate those risks.
And remember it is a process. Trust the process.
Likewise, Insider Access is jam-packed full of proven actionable steps that will help you on your journey to a passive income lifestyle. We are an active community who are in the process of creating lifestyle freedom.
Lifestyle is the true measure of wealth and happiness. The learning never ends.
Just as any treasure hunter will require a treasure map, you are the treasure hunter and Insider Access is that treasure map.
If you think that you will instantly produce lifestyle freedom overnight you have come to the wrong website.
Work is required. Work, work, work.
It doesn’t take a 7-figure bank account, a CEO business title, or 3M followers on Instagram to achieve lifestyle freedom.
Any individual can achieve lifestyle freedom through educating themselves properly and taking massive amounts of action.
You will see results. We guarantee it.
Continue along as Josiah begins learning how to think like an entrepreneur thinks here.