After her husband died, Speaker A built passive income by tapping into existing relationships and networks rather than starting from scratch. She and Speaker B both stress that partnerships, not personal capital, are what create lasting income streams.
Who is Catherine Bell?
Passive income before my husband died. It's because I asked that question of how, like, rather than how, I asked who is already doing it and how can I plug into them? And most of my streams of income came from all those relationships. Yeah, it wasn't like capital that I brought to the table.
Yeah, I mean, yeah, that's exactly the kind of path that Aaron and I want to take is like, we don't want to do it alone. We know we can't do it alone. So we're really big into like building those relationships and building partnerships that can kind of last a lifetime.
So here's the other thing I would say. The other book I highly recommend, it's called Profit First by Mike Michalowicz. And here's why.
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