How did a basement business evolve into an empire generating 100% passive income?
This episode features Andrea Foley, a successful businesswoman who has been an entrepreneur since she was 25. From starting her first business in her basement with a 2,500 credit card to leasing out her first space and buying commercial laundry equipment, Andrea has been able to grow her business into something that now generates a hundred percent passive income. During this conversation, Andrea shares her story, advice for entrepreneurs, and how delegating tasks has enabled her to move into real estate investing. She also provides insight on planning for growth, limiting lifestyle creep, and investing all extra income into passive investments for future wealth.
Tune in to hear Andrea's inspiring journey as an entrepreneur and gain valuable insight into how you can take your business to the next level!
[00:00 - Andrea Foley Conquers Business with Cloth Diaper Service & Retail Store
08:47 - From Working 80 Hours a Week with No Pay to Opening a Store
16:50 - How to Achieve Time & Financial Freedom Through Systems & Real Estate
24:59 - Andrea's Strategy for Success
33:16 - Wrapping Up!
Want to connect with Andrea? Follow her on LinkedIn. Visit Generational Wealth Capital to secure your legacy!
Key Quotes:
“If you don't plan for growth, then you'll be stuck in that cycle of I can never pay myself because I'm growing.” - Andrea Foley
“Align yourself with really good people who have the same values as you do. They might have a completely different personality. But, if their integrity and values align with yours, you can move mountains.” - Andrea Foley
"It is okay to pay yourself while you're also hustling." - Andrea Foley
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