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Epic Real Estate Investing

Passive Income. Everything You Need to Know in 2019 | 595

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 22 February 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

In this episode, we are telling you everything you need to know about passive income by giving you the ideas on how to create it. Therefore, allow yourself to spend less time working and more time enjoying! Stay with us and learn what passive income is, how to build it quickly, and how many options you have for creating it.

Transcript

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0:00.0

This is Terrio Media.

0:04.0

Hey rock star Matt Terrio here from Epic Real Estate and today

0:09.0

passive income. I'm going to give you everything you need to know about it. I'm going to show you what it is,

0:15.9

why it's a must, and I'm going to give you several ideas for how you can make it happen for yourself

0:21.6

so that you can spend less time working and more time living

0:26.1

while you're still young enough to enjoy life. On today's episode of Financial

0:31.1

Freedom Friday. All right, so here's the problem the biggest fear of today's retirees is that they're going to run

0:46.4

out of money before they run out of life and they fear it more than death itself that's what the studies are saying and

0:54.4

sadly that fear is a reality for anyone that is following that antiquated plan of go to school, get a job, work, sacrifice, and save.

1:06.0

I mean it was a plan that had a shot at working 50 years ago,

1:10.0

but life expectancy has increased by 10 years since then.

1:13.8

So people that still subscribe to that plan,

1:16.9

what they need to do, they need to save a bunch more

1:19.4

while they're working, or they need to work a lot longer.

1:23.0

Or they can change the plan.

1:26.0

You see, rather than focusing on saving their money for 40 to 50 years,

1:30.0

hoping they did it right, and hoping they saved enough they could just kind of shift

1:36.3

their focus a little bit to creating streams of money and if they did that for just a few years,

1:42.1

they would create the option for themselves to retire decades earlier

1:46.5

knowing that they did do it right, having the confidence that their money will last indefinitely.

1:53.2

And if you like the sound of that plan better,

1:55.5

go ahead and do me a favor, smash that like button for me

...

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