The Wealth Without Wall Street Podcast
Growing Passive Income 25% in 2024
Dec 28, 2023
Learn how to grow passive income to 25% in 2024, find out about the hosts' investment criteria, and discover the importance of relationships in investing. Explore generating passive income through infinite banking, the passive income operating system, and income tax rates. Also, understand the criteria for affiliating with products.
38:24
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Quick takeaways
- Investors should prioritize investments that generate cash flow, have a reliable delivery system, and potential for appreciation.
- Affiliate marketing can be an effective strategy for creating passive income by promoting products or services and earning commissions.
Deep dives
Investment Criteria: Cash Flow, Tax Strategy, and Appreciation
When it comes to investing, the podcast episode discusses the importance of having specific criteria. The main criteria mentioned are cash flow, tax strategy, and appreciation. The hosts emphasize the need for investments that generate cash flow from the start, preferably within the first quarter to six months. They also highlight the value of investments with a reliable delivery system and a clear process that produces consistent results. Additionally, they mention that while appreciation is not a deal breaker, it can provide an opportunity for significant growth. By following these criteria, investors can aim to achieve their financial goals.
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