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Episode 1651:

Michelle Schroeder-Gardner breaks down the essentials of passive income, explaining how it can provide financial freedom through upfront effort and long-term rewards. She shares a variety of practical, beginner-friendly ideas, ranging from dividend investing to creating digital products, helping listeners discover income strategies that suit their skills and goals.

Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/04/what-is-passive-income-ideas.html

Quotes to ponder:

"Passive income is income that you earn with little work to maintain."

"Eventually, you may be able to earn a living through passive income streams."

"Passive income allows you to free up your time and possibly even retire early."

Episode references:

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474

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