Risk Mitigation Strategies and Interest Rates

Discussion on the importance of risk diversification, the superior performance of insurance companies over banks, and the impact of interest rates on borrowing and repayment.

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Passive income sounds amazing, but is it really better than active income? Both incomes are required at some point in your lifetime, but which one can help you reach financial freedom faster? What exactly is the difference between active and passive income, and why should you care? That's what Russ and Joey will discuss today. So don't miss the conversation.

Top three things you will learn:

How to deal with the interest rate dilemma
How to use your experience to get involved in profitable investment opportunities
Active Income vs. Passive Income

October 2023 Income At-A-Glance:

Gross Income for October: $64,910.23

Total Expenses for October: $25,926.47

Total Net Profit for October: $38,983.76

Difference b/t September & October: $2,692.37

% of net profit to overall gross revenue: 60%

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Inner Circle LIVE 2024: January 5-7, 2024

https://go.wealthwithoutwallstreet.com/inner-circle-live

Promo Code: PODCAST

Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

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Learn How to Invest in Real Estate with The Land Geek:

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Turn Active Income Into Passive Income: