25+ Passive Income Ideas That Will Blow Your Mind - Part 1

The Personal Finance Podcast

Andrew Giancola

Investing, Entrepreneurship, Business

4.7 • 1.4K Ratings

🗓️ 13 January 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 36: 25+ Passive Income Ideas That Will Blow Your Mind - Part 1 (I promise this is not Uber or Dog Walking!) In this episode we cover: How to create passive income Why you need passive income The danger of one income Passive income streams Stuff I Recommend! M1 Finance Best Place to Invest Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast, we're going to talk about 25 plus passive income ideas, part one. What's up everybody and welcome to the personal finance podcast. I'm your host
0:29.5	Andrew founder of Dollar After Dollar.com.
0:33.0	And today on the Personal Finance Podcast, I'm going to bring you extreme value and we're
0:37.9	going to talk about 25 plus passive income ideas.
0:42.6	And if you've listened to the personal finance podcast for any amount of time now,
0:46.8	you know the personal finance podcast is all about increasing your income.
0:51.9	It is the number one way to ensure that you can build well for you, yourself, and your family.
0:57.5	But not only just one stream of income, but increasing to multiple streams of income.
1:03.0	Stack those streams of income.
1:05.1	And that's one of the biggest ways
1:06.6	to catapult yourself to building wealth.
1:09.3	And it's one of the fastest ways that you can build wealth.
1:11.7	And not only that, it's going to allow you to
1:14.2	stack up enough cash so that you can actually start investing money and that
1:19.1	money is going to create freedom or buying assets or doing things with that money that's going to allow you to
1:24.6	leave your job if you want to. And that only starts by stacking up income streams.
1:29.6	So that's why I want to start off this episode by talking about the fact that if you start stacking income streams,
1:36.0	you're going to be way better off than someone who does not because it is extremely risky to have one income stream.
1:42.0	If the past couple of years have taught us anything,
1:44.4	a lot of people have lost their jobs, the 2009 recession a lot of people lost their jobs.
1:48.4	COVID-19, a lot of people were furloughed.
1:50.6	If those have taught you anything, it's that one income stream is
	...

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