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E169: Passive Income for a Balanced Life - Interview with Hazel Ruth Thomas
In this episode, Pete speaks to Hazel Ruth Thomas who has a keen passion for creating passive income streams and believes that our work should fit in and around our lives not the other way round. Hazel recently created the concept ‘The Passive Income Mum’ as she is a mum of 3 and wants to get out there and help others to create passive income streams and support them in doing so.
KEY TAKEAWAYS
- Passive income is all about doing a job once and getting paid repeatedly for doing it. Some describe it as a pension style income and is about having money coming in whether you are at work or not.
- There are many approaches to creating and sustaining a passive income so it can be a bit of a mind field to anyone who is considering it. This is one of the reasons Hazel has created her concept The Passive Income Mum.
- Hazel is a photographer and she built a photography business. Although it did really well and she loved what she was doing she recognised that she had actually just built herself a job and she didn’t earn money unless she was there ‘creating’ and working. There was no way to outsource what she was doing and she wanted more balance in her life so she made the decision to create passive income streams.
- Financial freedom is Hazel’s end goal. What this means is she wants more money coming in than she needs to think about, to have everything covered and create a lifestyle where she has multiple choices.
- Hazel owns a network marketing business which has been perfect for her. She also runs a property company alongside some friends including rent to rents and air bnb as well as being involved in stocks and shares. None of these things are full time but they all work alongside another to give her a passive income that works for her lifestyle.
- You are the sum of the 5 people you spend the most time with. Spend time with those that are where you want to be and if you don’t like the level you are at now then look at the people you are spending time with.
- The school system is great at giving children the basics but Hazel teaches her children more than this. She wants them to understand how to thrive in life and give them the practical and emotional tools to deal with everything life will throw at them.
- Your relationship with money and how you decide to use it dramatically affects your lifestyle. You can’t get through life without spending money but think, what you are spending your money on, is it something you need or something that will give you a return or is it just instant gratification?
BEST MOMENTS
“It gives you options, it gives you choices”
“I genuinely just love helping people”
“It’s all about giving myself options and spreading the balance across a few areas”
VALUABLE RESOURCES
Subscribe to Fire In The Belly Podcast on Apple Podcasts (https://podcasts.apple.com/us/podcast/fire-in-the-belly/id1499375061)
ABOUT THE GUEST
Hazel Ruth Thomas
ABOUT THE HOST
The ‘Mighty Pete Lonton’ from the ‘Mighty 247’ company is your main host of ‘Fire In The Belly’.
Pete is an Entrepreneur, Mentor, Coach, Property Investor, and father of 3 beautiful girls. Pete’s background is in Project Management and Property, but his true passion is the ‘Fire in The Belly’ project itself. His mission is to help others find their potential and become the mightiest version of themselves. Pete openly talks about losing both of his parents, suffering periods of depression, business downturn and burn-out, and ultimately his years spent not stoking ‘Fire In the Belly’. In 2017, at 37 years of age that changed, and he is now on a journey of learning, growing, accepting, and inspiring others.
Pete can connect with people and intuitively asks questions to reveal a person’s passion and discover how to live their mightiest life. The true power of ‘Fire In The Belly’ is the Q&A’s - Questions and Actions!
The ‘Fire In The Belly’ brand and the programme is rapidly expanding into podcasts, seminars, talks, business workshops, development course, and rapid results mentoring.
CONTACT METHOD
https://www.facebook.com/mightypetelonton/
https://uk.linkedin.com/in/mightypete
https://www.facebook.com/groups/430218374211579/
Support the show: https://www.facebook.com/groups/430218374211579/
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By Fire in The Belly
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1010 ratings
In this episode, Pete speaks to Hazel Ruth Thomas who has a keen passion for creating passive income streams and believes that our work should fit in and around our lives not the other way round. Hazel recently created the concept ‘The Passive Income Mum’ as she is a mum of 3 and wants to get out there and help others to create passive income streams and support them in doing so.
KEY TAKEAWAYS
- Passive income is all about doing a job once and getting paid repeatedly for doing it. Some describe it as a pension style income and is about having money coming in whether you are at work or not.
- There are many approaches to creating and sustaining a passive income so it can be a bit of a mind field to anyone who is considering it. This is one of the reasons Hazel has created her concept The Passive Income Mum.
- Hazel is a photographer and she built a photography business. Although it did really well and she loved what she was doing she recognised that she had actually just built herself a job and she didn’t earn money unless she was there ‘creating’ and working. There was no way to outsource what she was doing and she wanted more balance in her life so she made the decision to create passive income streams.
- Financial freedom is Hazel’s end goal. What this means is she wants more money coming in than she needs to think about, to have everything covered and create a lifestyle where she has multiple choices.
- Hazel owns a network marketing business which has been perfect for her. She also runs a property company alongside some friends including rent to rents and air bnb as well as being involved in stocks and shares. None of these things are full time but they all work alongside another to give her a passive income that works for her lifestyle.
- You are the sum of the 5 people you spend the most time with. Spend time with those that are where you want to be and if you don’t like the level you are at now then look at the people you are spending time with.
- The school system is great at giving children the basics but Hazel teaches her children more than this. She wants them to understand how to thrive in life and give them the practical and emotional tools to deal with everything life will throw at them.
- Your relationship with money and how you decide to use it dramatically affects your lifestyle. You can’t get through life without spending money but think, what you are spending your money on, is it something you need or something that will give you a return or is it just instant gratification?
BEST MOMENTS
“It gives you options, it gives you choices”
“I genuinely just love helping people”
“It’s all about giving myself options and spreading the balance across a few areas”
VALUABLE RESOURCES
Subscribe to Fire In The Belly Podcast on Apple Podcasts (https://podcasts.apple.com/us/podcast/fire-in-the-belly/id1499375061)
ABOUT THE GUEST
Hazel Ruth Thomas
ABOUT THE HOST
The ‘Mighty Pete Lonton’ from the ‘Mighty 247’ company is your main host of ‘Fire In The Belly’.
Pete is an Entrepreneur, Mentor, Coach, Property Investor, and father of 3 beautiful girls. Pete’s background is in Project Management and Property, but his true passion is the ‘Fire in The Belly’ project itself. His mission is to help others find their potential and become the mightiest version of themselves. Pete openly talks about losing both of his parents, suffering periods of depression, business downturn and burn-out, and ultimately his years spent not stoking ‘Fire In the Belly’. In 2017, at 37 years of age that changed, and he is now on a journey of learning, growing, accepting, and inspiring others.
Pete can connect with people and intuitively asks questions to reveal a person’s passion and discover how to live their mightiest life. The true power of ‘Fire In The Belly’ is the Q&A’s - Questions and Actions!
The ‘Fire In The Belly’ brand and the programme is rapidly expanding into podcasts, seminars, talks, business workshops, development course, and rapid results mentoring.
CONTACT METHOD
https://www.facebook.com/mightypetelonton/
https://uk.linkedin.com/in/mightypete
https://www.facebook.com/groups/430218374211579/
Support the show: https://www.facebook.com/groups/430218374211579/