4.7 • 1.6K Ratings
🗓️ 19 May 2025
⏱️ 53 minutes
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0:00.0 | Everybody wants passive income. |
0:03.1 | That's the dream, but how you go about getting it is the hard part. |
0:06.7 | And which path you choose depends on your starting point, your interests, your long-term goals, all that stuff. |
0:12.5 | Now, we've covered a ton of quote-unquote passive income ideas on the show, |
0:16.5 | or maybe more accurately time-leveraged income ideas, ways to make money without directly |
0:21.2 | trading your time. |
0:22.3 | But today I'm grouping those into four different categories, four different types of passive |
0:26.7 | income that you can start making so you can see which might make the most sense for you. |
0:31.8 | The first is to buy cash flowing assets. |
0:34.9 | This is the make money with money option. |
0:37.4 | And under this category of cash flowing assets, you is the make money with money option. And under this category of cash |
0:39.1 | flowing assets, you'll find options like dividend, investing, business lending, real estate, |
0:44.5 | and stuff like that, which is great if you already have money to invest. Rental real estate |
0:49.9 | is probably the classic example of this and might be statistically one of the most common |
0:55.1 | side hustles in the world, buy a house, rent it out, pocket the cash flow. Here's how Dustin |
0:59.9 | Heiner explained it in episode 387. The way to start is to number one find which state you're |
1:06.8 | going to invest in and then zoom into which city you're going to invest in. And the way you do that is I usually use Zillow. Zillow is a great site to get big, |
1:15.7 | broad picture. Actually, it's a start as we look through that. It's a tool for us to do more |
1:21.2 | due diligence. And that's basically just making sure we're making a right investment. |
1:24.4 | But you're looking at the entire state, look for population |
1:27.7 | areas that have a lot more properties than not. And you zoom into that city and you get even |
1:32.1 | closer and closer. And you're going to look at all the different properties in that specific |
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