The Cardone Zone The Passive Income Formula
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Nov 9, 2019 Discover the path to financial freedom through passive income strategies! Learn how to calculate your investment needs to generate monthly dividends, like earning $10,000 without lifting a finger. Explore the differences between earned and passive income, and find smart investment options such as dividend stocks. Uncover tax-smart real estate strategies and the importance of family involvement in your financial decisions. Plus, hear about how passive income can fuel your travel dreams while enjoying the humor sprinkled throughout!
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Use Passive Income Calculation
- Calculate your annual bills by annualizing your monthly expenses without changing your spending habits.
- Divide your annual expenses by the expected return rate of an investment to find how much you need to invest for passive income.
Prefer Monthly Income Investments
- Seek investment vehicles that pay consistent monthly income to cover monthly expenses.
- Avoid investments that require selling assets to fund your bills.
Proving Financial Commitment Over Time
- Grant had to prove his commitment daily until his family took his financial goals seriously.
- Consistent effort and dependability over time earned their trust in his money management.