<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=275610486160139&amp;ev=PageView&amp;noscript=1">

Value Creation Blog

The Upside To Quitting and Learn About Passive Income

Posted by Josh Patrick

keep-trying-and-quit-signs_MyCWSZC_.jpg

Why You Might Want To Quit

One of my favorite sites to visit is the Freakanomics site.  In this podcast, they talk about whether it makes sense for you to quit or not.  

This really gets to the heart of behavioral economics where you've put so much effort in you won't quit.  This is called sunk costs bias.  Learn when it's time to say enough is enough.  I bet you'll find it a really interesting episode.

This week on Freakonomics Radio: do you know this bromide? “A winner never quits, and a quitter never wins.”

To which Stephen J. Dubner says, “Are you sure?” Sometimes quitting is strategic, and sometimes it can be your best possible plan.

To find out more, check out the podcast from which this hour was drawn: “The Upside of Quitting.”

The post The Upside of Quitting appeared first on Freakonomics. via The Upside of Quitting

Getting Rich Slowly Does Make Sense

Another thing you might want to think about is the concept of passive income.   Wouldn't it be nice if you just went to sleep and while you were sleeping income would come pouring in?  Well, that's what passive income is.

Spend a few minutes reading this article.  I think you'll be glad you did. Thanks to the folks over at Get Rich Slowly for writing this article.

The U.S. Bureau of Labor Statistics says about 20 million Americans are working part-time for so-called “non-economic reasons,” meaning issues such as childcare or income restrictions prevent them from working full-time or they simply do not want to work full-time.

One topic close to the classic “side hustle” is passive income. But what is it and how does it stack up to other types of earnings? The concept is called passive income because it requires little to no time on your part, yet can yield some serious recurring money.

 via How to Create Passive Income

New Call-to-action

Topics: operational irrelevance, investing, passive income

Subscribe to Our Blog

Subscribe to Our Blog

Most Recent