Daniel Alonzo: The Power of Passive Income

About our Guest:

Daniel Alonzo is the host of the Wealth on the Beach Podcast and has a forthcoming book by the same name. He is an entrepreneur and media personality who speaks in front of thousands each year sharing his message of creating a life of passive income. After a sports injury, Daniel started working at a major financial services company at age 21. By the time he was 28, he had saved his first million dollars. Daniel has a passion for creating his own reality by focusing on first thinking about what he wants to achieve and building systems to back it up.

Episode Summary:

It is possible to achieve the dream of freedom of time and money through passive income. Daniel is a living example of this. He believes that his success comes from his singular focus and desire to be the best at what he does. He created a duplicatable system to recruit and train others to join his business. Now his passion is helping others to achieve the success that he has had.

CLIFF NOTES

Daniel and his wife were able to achieve financial independence relatively young through passive income
Daniel stumbled upon a life changing Jack Canfield tape in an untraditional way when he was 14 years old
The difference between direct sales and MLM and why MLM gets such a bad rap
Daniel made his business his passion, and he did everything to become the best version of himself
To achieve passive income Daniel put together a duplicatable process for his agents and sold a dream. Building leaders is the key.

Quotes from the show:

[spp-tweet tweet=”[bctt tweet=”“The true power of passive income is the independence and freedom it creates.” – Daniel Alonzo” username=”seekwisdompcw”]

“You have to ask the world for the things that you want.” – Daniel Alonzo

[spp-tweet tweet=”[bctt tweet=”“When I started to feel I was making a major difference in people’s lives, I gave everything I had to keep doing that.” – Daniel Alonzo” username=”seekwisdompcw”]

“I work because I want to not because I have to.” – Patrice Washington

“People are so focused on earning more through active income that they don’t realize the possibilities of passive income” – Patrice Washington

Daniel’s Redefining Wealth Rapid Wisdom Questions

Define Success:

Followship. Any great cause has people who follow. You have to be a great follower before you become a great leader.

Define Wealth in 3 Words or Less:

Freedom, family, and love.

One Book that Has Redefined How You See Wealth:

Rich Dad Poor Dad

Fill-in the Blanks… “My name is ___ and the truth about wealth is ___”:

“My name is Daniel Alonzo and the truth about wealth is being rich in friendships.”