The Wealth Without Wall Street Podcast
Round Table | 8 Passive Income Ideas: How We Make $100k Per Month
Apr 23, 2024
Explore how to build passive income for financial freedom, understand the benefits of investing, and learn about impactful investments in communities. Discover ways to break limiting beliefs and create profits while supporting personal growth. Join a round table discussion on 8 passive income ideas to make $100k per month.
39:55
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Quick takeaways
- Having multiple streams of passive income is crucial for financial stability and avoiding reliance on a single job.
- Personal motivations, such as seeking fulfillment or providing for family, drive individuals to explore and leverage passive income opportunities.
Deep dives
Importance of Passive Income for Financial Freedom
Having passive income is crucial for achieving financial freedom. The podcast discusses the necessity of multiple streams of income to avoid relying solely on a W2 job, which can have a single point of failure. Diversifying income sources, such as through real estate or private lending, serves as a safety net in case primary income is disrupted. The speakers emphasize the importance of passive income as a means to sustain financial stability and freedom.
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