The Importance of Collateral in Lending

If there's any place I think that investors can put money to work at and land investors can grow their business with it's right there in the middle. There's just, there's an infinite amount of things that you can lend against. And so I'm really excited to to begin that process and to open up opportunities down the road for that.

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People define financial freedom in different ways. To some, it could mean they've fully paid all their debts. To others, it could be when they achieve a certain income or no longer worry about where to get the money for their day-to-day expenses.

Regardless of your situation, we all wish for that day when we have built enough passive income streams that are more than enough to cover our expenses with some money left to invest. But there's no single path to financial freedom – there are many ways to reach your financial goals, and you just have to find the right direction for you.

In today's episode, Russ and Joey discuss their Passive Income Report for May 2023 and some lessons they learned along the way. Tune in and discover an idea that could work for you.

May 2023 Income At-A-Glance:

Gross Income for May: $80,337.54

Total Expenses for May:$28,841.89

Total Net Profit for May: $56,364.40

Difference b/t April & May: ($3,113.06)

% of net profit to overall gross revenue: 70%

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.

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