Many filmmakers fall into the freelancing trap – They develop a relatively specialized skill, get great at their craft, gain lots of clients, but inevitably find themselves buried in work. Ultimately, this leaves them unable to focus on their passion projects (such as original feature films or new business ventures), as they are anchored to their client work day in and day out. Some people find themselves stuck in this situation for their entire careers, but all of us have the ability to choose a different path.
In this episode, I outline how you can use passively generated income to avoid this problem entirely, by becoming far less reliant on a single revenue stream. The goal is to stop trading your time for money.
Putting systems in place that will ultimately make money while you sleep is not easy, but it is possible. And once that goal is achieved, you will have infinitely more flexibility with how you spend your time. This means more time spent being creative, working on the projects you want to be working on, or developing new business ideas – a situation we should all be striving for.
Listen to Episode 62: Generating Passive Income As a Filmmaker To Increase Time & Revenue