Passive & Residual Income

The Breakdown with Shaun King

The North Star

News, Society & Culture

4.8 • 12.6K Ratings

🗓️ 6 May 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hey everybody, we're bringing back an episode of The Momentum Advisors Show from February 28, 2021. In this episode, they break down passive and residual income--which is one of the keys to financial independence. I mean, who doesn't want to make money while they're sleeping or on vacation, right? They go into unique ways to generate meaningful residual and passive income, so that you can start living the life you want. Residual income comes from a single original action and it keeps coming in over and over again. And passive income requires little to no effort to maintain the cash flow. If you're ready to learn more about these types of income and how to start making them work for you, tune in to The Momentum Advisors Show today. To listen to today’s FULL EPISODE of The Breakdown go now to Apple Podcasts or Spotify and search for “The Breakdown with Shaun King.” Subscribe there for FREE and listen to the whole podcast. If you are already on Apple Podcasts or Spotify, please subscribe, listen, share, leave reviews, and listen daily to the entire episode. The more of it you listen to, the better it is for us. Love and appreciate you all. Shaun Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.2	They are so cool.
0:23.8	Today we are talking about residual income and passive income.
0:31.8	Yeah, no.
0:32.8	So I think this is really important.
0:34.5	And I think we talk about a range of topics that reach people at different levels.
0:39.5	Sometimes it reaches the sophisticated investor.
0:41.7	Sometimes it reaches the person who is just trying to get by.
0:44.5	So I feel like we do a range of shows that hit a lot of people, right?
0:48.3	Like it hits the sophisticated investor, but it also hits like the person who is just trying
0:52.3	to get by.
0:53.3	Like listen, I'm not ready to enter into the market yet.
0:55.5	I don't know about stocks, bonds, mutual funds, ETFs.
0:58.8	I'll get there one day, but today I need to get these bills paid.
1:02.1	And so I like the range of shows that we do.
1:04.9	And I feel like this one is kind of middle ground.
1:08.0	I think this is the type of show that's for everybody, no matter where you are in your financial
1:11.7	situation.
1:13.0	One thing that Alan and I talk about regularly that we see as a huge gap in the world, but
1:18.5	especially in the black community, is that we are never taught simply just how to make
1:23.9	money.
1:24.9	We're taught how to work.
1:26.4	We're taught how to persevere.
	...

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