11 Different Ways to Build Passive Income

Building passive income streams is something that many people want to achieve. But first, let's be clear that passive income ideas require an upfront monetary investment or time investment. How do you start investing in something that will bring you consistent income without much effort on your part? 

In this episode, Russ and Joey talk about their 11 passive income streams, which brought them $523,201 net income for 2022. Listen up as they discuss the pros and cons of investing in each income stream and see if something would work for you. Focus on one thing at a time, then explore other opportunities as you grow your wealth. 

Here are the 11 Ways to Build Passive Income: 

1. Land Flipping
2. Short-Term Rental
3. Management Business
4. Cryptocurrencies
5. Syndications
6. House Flipping
7. Long Term Rentals
8. RV Rental (Cousin Eddie)
9. Information Business
10. Ecommerce
11. YouTube

Top 3 Things You’ll Learn:

1. Different paths to financial freedom
2. Why you need to invest in experts/ hire an operator
3. The right time to create a course

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.

Take Advantage of a Free Financial Strategy Call:

https://go.wealthwithoutwallstreet.com/free-financial-call

Turn Active Income Into Passive Income:

https://go.wealthwithoutwallstreet.com/PIOS

Determine How Close You Are to Financial Freedom:

https://go.wealthwithoutwallstreet.com/quiz

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

https://www.thelandgeek.com/

Short-Term Rental Course:

https://www.wealthwithoutwallstreet.com/strcourse

Apply to Join the Passive Income Mastermind:

https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind