Have you ever wondered what it really takes to build passive income? In this episode, Russ and Joey pull back the curtain on their latest passive income report, breaking down real numbers, wins, and lessons learned from multiple income streams, including a new vending machine business, expanding Turo car rentals, and tough decisions in real estate investing.
From teaching their daughters about entrepreneurship to deciding whether to sell a 23-year-old rental property, they cover the good, the bad, and the ugly of real-life investing.
If you want to accelerate your financial freedom, you can get valuable insights from today's conversation.
Top three things you will learn:
-What strategies are working (and what’s not)
-How to involve family in entrepreneurship and financial education
-Selling vs. holding a long-term rental property
January 2025 Income At-A-Glance:
-Gross Income for January: $48,892.83
-Total Expenses for January: $20,355.54
-Total Net Profit for January: $28,458.11
-Difference b/t December & January: ($19,447.86)
-% of net profit to overall gross revenue: 58%
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.
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How to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael Hoffmann:
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Build Passive Income with Vending Machines:
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The Wealth Without Wall Street Podcast