25+ Passive Income Ideas That Will Blow Your Mind - Part 2
The Personal Finance Podcast
Andrew Giancola
4.7 ā¢ 1.4K Ratings
šļø 20 January 2021
ā±ļø 22 minutes
šļø Recording | iTunes | RSS
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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 two. What's up everybody and welcome to the personal finance podcast? I'm your host |
| 0:29.9 | Andy founder of Dollar After Dollar.com and today on the personal finance podcast |
| 0:35.8 | we're going to be doing part two of the 25 plus passive income ideas that you |
| 0:42.2 | could start right now. |
| 0:44.3 | And if you haven't heard part one of the episode, |
| 0:47.0 | go back and listen to the last episode. |
| 0:49.3 | Because I'm going to preface in that episode |
| 0:51.2 | why we're doing this. |
| 0:52.5 | Why it's so important to increase your income |
| 0:54.5 | and have passive income, and why anybody |
| 0:56.7 | would ever want to pursue a side hustle |
| 0:58.6 | or a passive income idea. |
| 1:01.1 | And the bottom line is, you want to increase your income so that you can invest more money so that you can create financial freedom for yourself and that's why this is so important and once you start stacking up these income streams, |
| 1:13.2 | you're allowing yourself to buy your freedom. |
| 1:16.7 | And that's the most important thing that money can do. |
| 1:19.0 | Most people will use money to buy stuff, |
| 1:21.0 | and that's how they get into sticky situations but if you use your money |
| 1:24.8 | to buy freedom every dollar you put towards a business or every dollar you put |
| 1:29.2 | towards an investment buys your freedom, time back. |
| 1:33.0 | And if you understand that, then you are miles ahead of everybody else who doesn't. |
| 1:39.0 | Because the majority of people live to consume. |
| 1:41.0 | But if you live to produce, you'll be able to consume whatever you want later in life. |
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