What Are the Best Passive Income Streams?

There is no such thing as truly passive income. There's a gradient scale of less passive and more passive. I'm very big on when I do my own investing for passive income, secure private lending, and also sell or finance real estate. Every investment's a good idea till it isn't.

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IN THIS EPISODE, YOU’LL LEARN:

05:21 - What are the most important factors to building wealth?
05:21 - How much of your income should you be saving?
10:36 - Why Jerry prefers investments that generate passive income versus capital appreciation.
13:36 - Should Millennials pay off their debt before investing?
16:27 - What type of policy, agent and life insurance company Jerry recommends.
26:29 - How to “become your own bank” and use life insurance to build substantial wealth.
26:29 - How you can use life insurance to pay down your debt and save more money.
27:49 - How to use life insurance as an investment tool by borrowing against your policy.
41:21 -Why Jerry doesn’t invest in the stock market and what he prefers to invest in.
45:28 - How Jerry uses gold as an investment and borrows against it to build wealth.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out: Wealth DynamX.
Check out: The Sacred Account.
Related Episode: Tax-Advantaged Investing w/ Brian Martucci - MI220.
Related Episode: Building Wealth, Staying Wealthy, and Retiring Early w/ Jeremy Schneider - MI053.

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