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Front Row Seat with Ken Coleman

Most People Get THIS Wrong About Passive Income

Front Row Seat with Ken Coleman

Ramsey Network

Careers, Business, Self-improvement, Education

4.62.6K Ratings

🗓️ 8 August 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

The Ken Coleman Show is here to help answer your questions about career, passion and talent so you can maximize your potential and get closer to landing your dream job. Do you have a question for Ken? Call the show at 844-747-2577 or email ask@kencoleman.com. Free Guides & Resources The Proximity Principle Facebook Community Subscribe to The Newsletter Articles by Ken

Transcript

Click on a timestamp to play from that location

0:00.0

Coming up, I'm going to share with you what most people get wrong about passive income

0:08.8

and then what is motivating employees to stay put?

0:12.6

And a strong jobs report and you know I'm going to coach you up so let's get to it.

0:23.9

Coaching you so that you have a competitive edge to win at work and in life.

0:29.5

This means making more money and experiencing more meaning in your work excited that you're

0:36.1

here today.

0:37.1

So let's take on a very tempting topic.

0:42.6

Just the very idea of this topic gets people a little excited.

0:46.8

Passive income is the phrase.

0:48.6

Oh yeah.

0:49.6

I mean, who doesn't get a little warm fuzzy feeling in their chest when you start talking

0:53.9

about passive income?

0:55.0

Who wouldn't want passive income?

0:58.2

What are we talking about?

0:59.2

What is passive income?

1:00.2

Well, we're going to break that down.

1:01.8

But what a lot of people just immediately equate as a definition to the phrase passive

1:07.9

income is, well, I'm making mailbox money, baby.

1:11.9

I'm getting paid while I'm sleeping, right?

1:16.2

The idea that you have reoccurring revenue and it is reoccurring because of the work,

1:26.0

the infrastructure, the demand, all of that comes together.

1:30.4

And essentially, one way of looking at it is certainly real estate, stocks and financial

...

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