The Money Podcast Is Passive Income a SCAM? Kane Questions Rob on Financial Freedom, Entrepreneurship and MORE!
Kane Baron joins the Money podcast this week in a new format! Kane quizzes Rob on the controversial topic of passive income - is it real or just a scam? Drawing from his own experiences amassing wealth through multiple income streams, Rob separates fact from fiction and shares proven strategies for building sustainable passive income.
KEY TAKEAWAYS
- Passive income is possible but requires significant upfront effort to build the right business model and assets
- Information products are an ideal starting point for generating passive income due to low overhead and high margins
- Leveraging debt wisely can amplify returns and allow you to benefit from inflation reducing debt value over time
- The biggest obstacle to starting a business today is information overload; focus on one simple model to gain traction
- Invest in yourself first; skills and knowledge provide far higher ROI than traditional passive investments
- Combine fast passive income generators like digital products with longer-term asset-building in real estate
BEST MOMENTS
"If you build the right business model and you start with the end in mind, passive income is real."
"Information has virtually no overhead and a very high margin. There's no stock holding. There's no premises. There's no big start up loans that you need."
"If I wanted to make 10 grand a month, at 10 pounds a month, that's 1,000 members I need. 365 days in a year, that's 3 members a day. I need 3 members every day to get to 1,000 in the year, and then I'm making 10 grand a month."
"The resources of money are limited. The resourcefulness of humans are limitless."
"I am my best asset. I invest in myself wisely. I pay myself the best return. I can 10x, 100x, or 1000x the investment in myself. I can 0.05x my money in the S&P 500."
VALUABLE RESOURCES
bit.ly/Robsupporter
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
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