Rich Habits Podcast

34: Generating REAL Passive Income

Oct 16, 2023

Learn how to generate REAL passive income through investing in music royalties, dividend-paying ETFs, and selling covered call option contracts. Discover the advantages of SPYI, tax efficiency, and tips for getting started with covered call option contracts. Explore investment strategies for building wealth with $20,000, including Roth IRA, index funds, and treasury bills. Understand the importance of time in the market and the difference in fees between investment options.

22:09

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Quick takeaways

By investing in music royalties, dividend-paying ETFs, and selling covered call option contracts, individuals can generate REAL passive income and diversify their investment portfolios to earn money while sleeping.

Music royalties provide an opportunity for affordable investment, with the Shrek music catalog offering shares of their royalties. Dividend-paying ETFs like SCHD and SPYI, as well as selling covered call option contracts, are effective strategies to generate passive income and achieve high returns.

Deep dives

Passive Income Idea 1: Music Royalties

Investing in music royalties allows you to generate passive income as the royalties on popular music trickle in over time. For example, the Shrek music catalog is currently selling shares of their music royalties for $10 each, providing an opportunity for affordable investment. By owning shares in the music, you can expect to receive passive income in the form of dividends. The Shrek music royalties tend to pay out around a 9% annualized dividend, making it a truly passive income opportunity that anyone can diversify their portfolio with.

Introduction

3min

Generating Passive Income Through Music Royalties and Dividend Paying ETFs

3min

Generating Passive Income with Covered Call Option Contracts

4min

Building Wealth with $20,000: Investing Strategies for a 17-Year-Old

4min

Timing the Market vs Time in the Market

8min

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share their three favorite ways to generate REAL passive income.

No, not the passive income you hear about on TikTok through vending machines or laundromats -- we're talking about REAL "make money in your sleep" passive income.

By investing into music royalties, dividend-paying ETFs, and selling covered call option contracts you can begin to inch closer toward thousands per month in REAL passive income.

Learn more about covered calls, click here!

Learn more about Shrek music royalties, click here!

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