Part 5/8:
Being cash flow positive obfuscates the common misperception that financial independence is solely about entrepreneurship; rather, one must ensure a stable income before seeking more.
Stage Two: Self-Directed Cash Flow Positive Income
Transitioning into the second stage focuses on self-directed cash flow positive income, which many equate with passive income. However, this term should not be viewed as the ultimate goal; instead, it should be regarded as a means to achieve time and location freedom.