My 500K A Year Passive Income Plan | FFT
Millionaire Mindcast
Matt Aitchison
4.8 • 721 Ratings
🗓️ 22 April 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
In this episode of Millionaire Mindcast, Matty shares his 500k a year passive income plan. This and more on today's Food for Thought Friday episode. Tune-in. Enjoy.
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Transcript
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| 0:00.0 | Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire |
| 0:10.4 | minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life. |
| 0:17.3 | It's time to unleash your millionaire within. |
| 0:20.0 | Now here's your host, Maddie A. |
| 0:23.9 | What's going on, guys? |
| 0:24.8 | Welcome into today's show. |
| 0:27.3 | I'm a little under the weather, so please forgive me. |
| 0:29.8 | This is how much I love, y'all. |
| 0:32.9 | My commitment to my Millionaire Mindcast, fam, |
| 0:35.8 | I drag my sick ass out of bed into the studio to make sure |
| 0:40.0 | that I'm getting you your Friday food for thought. With that being said, I know one of the questions |
| 0:47.2 | that consistently keeps coming in all the time is passive income. You know, what is your passive income plan? How do you generate passive income? |
| 0:57.0 | What are you doing to generate passive income? And there are so many different ways that you can go |
| 1:03.7 | and generate passive income. I think the two things to ask yourself, number one, and get really |
| 1:08.1 | clear on is, number one, what is the first tier or |
| 1:14.6 | milestone of passive income that you look to unlock? Is it $5,000 a month? Is it $10,000 a month, |
| 1:20.9 | whatever it may be? And be realistic, right? There are going to be multiple milestones in your wealth-building journey of generating |
| 1:29.6 | passive income. I always think it's funny when someone goes, I want a hundred thousand dollars a |
| 1:34.0 | month in passive income. And I'm like, bro, you haven't even unlocked $500 a month in passive incomes. |
| 1:40.6 | Let's get realistic first. And let's hit a basic threshold and milestone in your |
| 1:47.2 | passive income because then from there, once you unlock that, we can use the experiences and the |
| 1:51.7 | knowledge and the foundation that that was built on to go and double it or triple it or quintuple it |
... |
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