The Cardone Zone

503: How to Make $1,000 a Month Passive Income

8 snips
Apr 22, 2019
Learn how to earn an additional $1,000 a month through passive income by investing in real estate. Discover the benefits of income-producing properties and the impressive financial returns they can provide. Hear success stories of individuals who have achieved wealth through real estate investments. Understand the importance of commitment and taking action towards financial goals.
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ADVICE

Calculate Investment for $1K/Month

  • To earn $1,000 a month passive income, calculate how much capital to invest based on expected return.
  • Use the formula: Desired annual income divided by expected return rate to find needed investment.
ANECDOTE

Steve Spray's Passive Income Example

  • Steve Spray earned $3,120 last month from investing in Cardone Capital.
  • This illustrates how passive income payments work for real investors in the fund.
INSIGHT

Reinvesting Boosts Returns

  • An investor earning 4.8% monthly on $1.1 million implies a 40% annual return if payments continue.
  • Reinvesting your returns can grow your principal and increase income substantially.
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