Mike Koenigs explains why wealth isn't the same as money. Real wealth means passive income, cash flow, and the freedom to stop guessing about your finances so you can build a life you don't need to retire from.
His work is all about clarity, confidence, and cash flow. And of course, we're going to be talking about passive income today, but helping successful people stop guessing and start living a life they don't have to retire from.
The biggest thing that people really want is they want a sense of financial security. Right? So why do we want wealth? Why do we want money? Why are we trying to create a certain rate of return? It's because we want financial security. We want freedom from money, we want our time back. And so it's really.
I don't want to run out. I'm dead. Yeah, exactly right.
It's exactly right. I have to learn to create passive income instead of just always relying on my ability to work. The idea of wealth, what I find is mystifying to people. Everybody wants to have it, but they really can't define it.