It really is very hard to care about money past the point it stops being a source of immediate anxiety. People capable of caring enough to solve for money past their personal anxiety point have a kind of superpower. It might even be the defining trait of entrepreneurs.
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But for those able to transcend the instrumental view of money, it becomes possible to make way more than dictated by your anxiety levels. This means setting up money-spinning engines that break the effort-reward correlation characteristic of middle-class money-making recipes.
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This is not “passive income” so much as “live money.” I’m pretty bad at it. Most of my income is tied to effort-reward recipes. It’s not as deterministic as paychecks, but it’s still instrumental recipes not engines. Maybe 5% is from the engines at most.
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New goal is to increase that 5% to maybe 15-20%. True leisure time is only created in correlation to live money. No matter how leveraged, effort correlated recipe money, dead money, can’t spin off true leisure.
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Live money/dead money is basically like live player/dead player. It’s only live money if you can buy you Monday morning leisure time. Dead money effort recipes can only buy you evening-and-weekend leisure time. Cognitively speaking, the dregs of attention.
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And it’s only leisure activity if nothing critical or financially anxiety-provoking is riding on the outcome. If you make money off it, it’s true “free money” in psychological accounting. Free money is of course even better than live money. It’s more than live. It’s living free.
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Live-and-free money is not earned with intention and instrumental effort (dead money) or collected as a rent (live but not free money). It’s the best money because it’s a genuine surplus from freely undertaken leisure behaviors. It’s the money you’ll feel happiest spending.
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