Building Wealth Early: 10 Passive Income Ideas to Start at 25
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 22 August 2023
⏱️ 57 minutes
🧾️ Download transcript
Summary
In this podcast, join Ken and Danille as they unveil 10 dynamic passive income ideas for young investors. These business investments take very little of your time and can help put you on the fast track toward financial freedom early in your life.
Visit Ken's Bookstore: https://kenmcelroy.com/books
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
| 0:07.8 | real estate with the industry's biggest movers and shakers. I'm your host, Ken McElroy, joined by my |
| 0:13.9 | co-host, Danielle. Let's get right into this episode. Before we jump in today, I wanted to go over a few |
| 0:20.7 | things. So I have a webinar coming up. |
| 0:24.5 | Steve, if you want to put that on the screen. It is a Wednesday webinar. It's going to be on the 30th. |
| 0:30.0 | We're going to talk about five ways to profit from real estate wall in the road. Please go ahead and |
| 0:34.6 | sign up for the webinar. And it's free and you should check it out. |
| 0:39.0 | It's Kenmaproy.com forward slash webinar. |
| 0:42.2 | Well, I love this topic. |
| 0:43.9 | You know, it's, you know, it's been fun to drive through Middle America and see, you know, |
| 0:48.7 | young kids and young families owning restaurants. |
| 0:52.3 | And in some cases, these kids were 10, 12, 13, 14 years old. |
| 0:57.0 | We were talking to someone that are working. |
| 0:59.5 | And I don't know about you guys, but that's how I grew up. |
| 1:02.2 | I grew up kind of paper routes. |
| 1:05.5 | And I don't know if you remember, S&H stamps and pop balls and turning cans and all that stuff. |
| 1:11.7 | So it was kind of cool to drive through some of these small communities and see some of that. |
| 1:17.8 | You know, today we're going to talk about the 10 passive income ideas, you know, that we wish we |
| 1:22.9 | would have done before we're 25. |
| 1:25.2 | But just because it's 25 doesn't mean you couldn't do it now either. |
| 1:28.9 | It's just we like to just say that for those young people watching. |
| 1:31.8 | But really, these are great passive income ideas for anybody. |
... |
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