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One of the easiest ways to retire sooner than you thought is by finding a way to generate passive income. In this video, I want to provide you with a few tips to help you build passive income, so you can achieve financial freedom sooner than you imagined! https://bit.ly/3jVcUiL
Learn how to build passive and retire sooner than you imagined with my Beginner’s Guide to Investing in 2021! Click on the link above to get started.
#finance #passiveincome
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Timestamps
00:00 – Intro
01:36 – Compounding interest explained
04:46 – Real estate investing
08:14 – Investing explained
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investing for beginners, passive income explained, passive income ideas, passive income streams, passive income ideas 2021
What kind of investing do you think can produce that sort of compounding passive wealth? Leave a comment below! Learn how to build passive and retire sooner than you imagined with my Beginner's Guide to Investing in 2021: https://bit.ly/3jVcUiL
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Thank you very much, Mr Town!
There are different levels of “passive income” because there is some effort in every investment. Probably the easiest (less work) would be an index fund or target retirement fund. The hardest (more work) would be running a business or real estate.
Does the stock you invest in have to give a dividend for you to call it passive income?
Passive income is difficult to build at the start but once it gets rolling it's great!
I sell cash secured puts, POSSIBLY get assigned, then sell covered calls. It's a pretty good income stream while my assets appreciate. Howeever, ever since October, the market has been on FIRE. Most of my covered calls end up in the money.
The richest men in Babylon buy George S. Clason is a awesome book for passive income also they’re the parabale of the pipeline book buy Burke Hedges.
Passive income is my favorite kind
Cruypto like Cardano.
Was the book the Richest Man in Babylon?
You are 73 years young Phil! Thanks for the wisdom you share with us.