#484 How to Build a Passive Income Empire (3 Step Formula)
Main Street Business
Mark J Kohler and Mat Sorensen
4.8 • 584 Ratings
🗓️ 12 March 2024
⏱️ 25 minutes
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| 0:00.0 | Welcome back, everybody, to the Main Street Business podcast with yours truly Mark Kohler and the illustrious Matt Sorenson. |
| 0:08.4 | We are going to show you the three-step formula to build a passive income empire. |
| 0:14.5 | And if you follow these three steps, it's almost inevitable that you will reach that goal and it will change your life. |
| 0:21.7 | We are bestselling authors, tax attorneys, and partners in a law firm that's been helping clients |
| 0:25.5 | for the last 20 years build these passive income empires. We know exactly what it takes and we're |
| 0:31.5 | going to share these secrets with you now. There's a ton of misinformation on this topic. |
| 0:35.6 | Shocker, I know, but there's so much BS out there |
| 0:38.2 | about how to build passive income. But we're going to give you the real strategies what real |
| 0:42.6 | people are using to build a real wealth in a passive way where your money's working for you. |
| 0:48.6 | You're not always working for you. Our goal is not to tell you exactly what to invest in. |
| 0:53.4 | We've got clients investing in all |
| 0:54.5 | sorts of things to create passive income, but it's the structure and the methodology in which |
| 0:59.7 | they do it. And no one talks about that because it's not sexy and fun. They want to talk about, |
| 1:05.0 | oh, invest in this. Oh, I did a 4x on this, buy this, buy that. But no one's breaking it down in |
| 1:09.8 | almost a step-by-step formula. Now, our opinions on this, buy this, by that. But no one's breaking it down in almost a step by step formula. |
| 1:13.0 | Now, our opinions on this have been informed by 10,000 plus hours of consulting clients and |
| 1:18.4 | figuring out what they've done, whether it's helping a client with an estate plan and seeing |
| 1:22.2 | how did they build their wealth. And having those conversations, we've heard the stories |
| 1:26.6 | and seen it on paper, |
| 1:28.8 | on the balance sheet about how they've truly built passive wealth and income. That's how our |
| 1:33.7 | opinion has been informed on this. Real people, real experiences. And we found three ways. |
| 1:38.3 | Three ways. And by the way, this has been, it's been ugly. We see, we see clients killing it, |
... |
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