RYB982: What's The Best Way To Create Passive Income in 2021? - Jam Session
Rock Your Brand Podcast
Scott Voelker
4.8 • 1.1K Ratings
🗓️ 7 May 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
Today what we're going to be talking about is a sexy topic, by the way. People all want to know about this. And that is, and this is a question I get asked a lot. What are the best way to create passive income and the quickest way in 2021?
Okay. Now let me start by explaining passive income because everyone loves to think about passive income and what it actually means. Passive income to me, let me just tell you what it is for me, passive income and true passive income.
This is where I can either invest time or invest money into something. And it produces a monthly income stream. That is to truly passive, create it, set it, forget it and collect. Now there's a lot of different ways that this can be done.
One of them that I'm actually experiencing right now, which is probably one of my number one ways of passive income, and it has nothing to do with an online business. It has nothing to do with selling digital products. It has nothing to do with any of that stuff, but it's a little bit harder to get in the game.
I just added this about two years ago. What I'm talking about is my Airbnb. I'm just bringing that up because that is a passive income stream, but it still has to get rented.
I have a company that does that all for me. So I literally have not been there in probably two and a half, three months. Now it's been booked. It's been booked solid all last year. Sure. There are some days that it's open, but the thing is paying for itself in netting, a profit every single month.
Transcript
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| 0:00.0 | Guess what time it is? Friday Jams! |
| 0:04.0 | Hey, hey, hey, what's up everyone? Welcome to the Rock Your Brand Podcast. I'm your host |
| 0:09.8 | Scott Boker, a serial entrepreneur on a mission to help you. |
| 0:15.3 | This show is designed to teach you, to inspire you, to motivate you, to take massive action |
| 0:21.6 | and build a future-proof business. |
| 0:25.6 | So whether you're just starting out or taking your existing business to the next level, |
| 0:30.1 | this is your home. Now, if you're ready, I'm ready, let's rock your brand. |
| 0:36.9 | What's up everyone? Welcome to this Friday Jams session. Super excited you're here and |
| 0:42.1 | if you haven't heard me say it before, I'm going to say it right now. This is probably |
| 0:45.7 | one of the highlights of my week because I get to hang out with some cool people every |
| 0:51.0 | single Friday and answer some really awesome questions. Now, you might be asking, Scott, |
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| 1:07.7 | totally free and we do it every single Friday and it is a blast. So what you're about to |
| 1:13.8 | listen to is one that we did last week. So this way here, even if you can't attend, |
| 1:19.5 | you can always show up here to the Rock Your Brand podcast and listen to our live jam |
| 1:24.6 | session. All right, guys, so sit back, relax and let's jam. All right, welcome back to |
| 1:30.9 | another Friday jam session. And this is going to be a great topic, a great question that |
| 1:36.5 | we're going to be jamming on here. And I'm going to be jamming on it, honestly, with |
| 1:41.1 | a live audience here. And if you guys are listening to this on the podcast, well, you're |
| 1:46.3 | not part of the live, you're part of the recording, which is totally fine. But if you want |
| 1:50.3 | to be part of our live coffee talks, our jam sessions on Friday, head on over to takeactioncrew.com. |
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