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Passive income is a type of income that does not require active work or effort to generate. This can include investments that produce regular returns, such as rental properties or dividend-paying stocks, or businesses that generate income with minimal ongoing maintenance, such as an e-commerce store or a dropshipping operation.
Passive income can provide financial freedom and the ability to live a more flexible, independent lifestyle.
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Would you rather: Work like crazy and make $2M/year or Not work at all and make $500k/year (passive income) A friend is debating this.
Don’t chase “passive income” too early in life Instead use that capital to build a business A business can generate 200-800% return on capital year 1 which crushes your NNN, syndication, or duplex
Conner Burton
@connerburtonThe top 10 rules for financial success: 1. Acquire assets like your future depends on it 2. Learn the in’s and out’s of passive income 3. Fight off lifestyle creep 4. Understand risk and when to take it 5. Think like a business, then become one 6. You get what you pay for, buy quality 7. Become best friends with monthly cashflow 8. Create multiple streams of income 9. Use the internet as the ultimate salesman 10. Invest in yourself first Anything you would like to add? 💲Stay Calculated💲 #passiveincome #passiveinvesting #invest #money
Nate Skiver
@levelplayingfieldUPS and FedEx should teach a masterclass on passive income. When their customers don’t closely manage their contracts ... ... it’s an easy 8%-10% increase (or more) annually, without having to invest additional time and resources. #fedex #ups #logistics #ecommerce
When you’re in the mil!tary, you can’t actively make money unless it’s passive income. So wouldn’t that mean for any overseas concerts BTS perform at during their service, they wouldn’t be getting a penny out of it? Only the government?😐
The only way to make passive income is to sell the delusion that passive income exists to people who want to get rich quick without putting in any effort.
Lisa Slater
@lisaslater-myccNot everybody wants to 'hustle' eighty hours a week to build a fifty-figure business empire with multiple passive income streams and an army of underpaid but super happy staff. I'm here for the freelancers, coaches, consultants and service providers who just want to make decent money doing the thing they love for people they like. If you're struggling to attract and convert the clients you want, DM me. Let's Make Your Copy Count.
Sorry to break it to you. But there’s only one true form of passive income: Buy and hold index fund investing. Everything else takes effort.
Rajan Singh
@rajansingh964-Hr work week -- is not real. It is a fantasy that sells. Please don't blame yourself for working 8 or more hrs every day. That is what real life is. You are doing nothing wrong. You are not a ‘corporate slave.’ You are not missing out on a fabulous life, living on the beach and sipping margaritas, fuelled by ‘passive income.’ The only people I know of, who can afford a 4-hr work week, are the retired folks. And from what I can tell, they are all looking for post-retirement gigs :) *** www.habitstrong.com
So you want to be a landlord… The expectation is a passive income. The reality is a little different. 5 characteristics you need to develop to thrive. 👇
You can only have 2 jobs maximum, but You can have as many: - Rental properties - Lands - Side hustles - Stocks - Businesses This is why you need to create passive income.
Harsh G.
@harshmetricI know that it's trendy to talk about things like "the 4-hour week" or "how to make a passive income working from an exotic island" But here's the truth: At the beginning of any business, you need to hustle as a founder to get your startup off the ground. There is no shortcut. No overnight success. It usually means: 40+ hour weeks Often working on weekends Doing sales, marketing and customer success together Believing when others don't. Never giving up Entrepreneurship is not fancy, and it's definitely not your passport to the 4-hour-week. Atleast not in the initial stages of your business, which is often 2-5 years. #entrepreneurship #business #startup
“Passive income” does not exist without active income You’ll need to trade your time for money The trick is using that active income to buy income-generating assets instead of designer clothes & fancy cars Building wealth isn’t hard You just need to fix your priorities
There's still way too many people pursuing pointless "passive income" schemes. May I suggest my boring philosophy of getting promoted in corporate America instead?
Thinking about leaving it all behind (not the wife and kids) and traveling the world while making a living off of passive income and side projects.
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