JF2961: How the Rich Get Richer | Passive Investor Tips ft. Travis Watts

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 13 October 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode, Travis explains how passive income is the key to accumulating wealth. He provides examples of different types of passive investments you can make, highlights the top three reasons why someone might consider passive income, and uses a scenario to demonstrate how generating passive income can be truly life-changing. Types of Passive Investments Passive investing doesn’t just apply to real estate. There are many different options for earning passive income: Owning a business without actively working in that business. Owning a rental property that is professionally managed by someone other than you. Purchasing a dividend-paying stock where you make the investment once and just sit back and collect the dividends. Investing in real estate as a limited partner. Publishing a book from which you receive royalties for years to come. Making an oil and gas investment and making profits off of oil production. Lending money to someone and charging interest. Having a whole life insurance policy that is paying an annual dividend to you. 3 Reasons to Consider Passive Income 1. Taxes Long-term capital gains, qualified dividends, real estate — these are tax-advantaged places to put your money. 2. Time Passive income allows you to do more of the things you love and less of the things you don’t. 3. Scalability It’s much easier to make more investments and keep adding to your portfolio than it is to keep adding time onto your plate and working more and more. Join the newsletter for the expert tips & investing content. Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
0:05.3	Yet somehow only 19% of women reported feeling confident in selecting investments that align
0:11.0	with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.
0:23.0	InvestHERCON is not just another real estate conference.
0:27.0	It's a transformational experience focused on real estate investing,
0:31.0	business strategies, and self-care tactics, all designed to help women take
0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:56.6	That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-G-O-K-K-O-K-O-K-O-Kom,
1:00.6	Prom best ever to get $100 off your ticket.
1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.6	consider any investment or course of action.
1:18.7	For more information go to Best Ever Show.com.
1:21.8	People who make over a million dollars a year,
1:25.0	nearly 83% of their income is derived from rents, royalties, dividends, and interest.
1:32.0	These are profits that come from passive investments.
1:35.0	And by the way, 65% of these millionaires derive from at least three different income sources.
1:43.0	Welcome to the best ever show,
1:45.0	the world's longest running daily commercial real estate podcast.
1:48.0	Our hosts interview commercial real estate experts every day
1:52.0	to get you the best advice ever with none of the
	...

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