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Wealthy Way

The Best Ways to Generate Passive Income in 2025 | Chris Miles

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 12 December 2024

⏱️ 102 minutes

🧾️ Download transcript

Summary

Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/---Get ready for a powerful episode of The Wealthy Way podcast! Today, I’m joined by Cole Taylor, a former pastor who didn’t just leave the pulpit—he jumped into the fitness world and built a 7-figure empire. Cole’s story is about stepping out of one calling and into another while staying rooted in faith, purpose, a...

Transcript

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0:00.0

My investment slash make money build wealth thesis is this, right? A business is the number one thing

0:06.2

that can generate the most amount of active or passive income. The real principle to always make

0:10.2

sure you always make money is how do we go about creating value for more people? How do I serve

0:13.9

people, solve problems and serve them in such a way that money is just the byproduct?

0:21.0

What's going on, wealth builders today? I've got a guy who has got out of the rat race

0:25.4

at 28 years old and retired and then lost it all, only to have to go build it back up and

0:30.8

retire again at 39. And we're going to go over the lessons learned and how you can start

0:34.9

making your money work for you so you can get out of the rat race yourself.

0:38.7

I've got Chris Miles. What's up, man?

0:40.5

What's up, Ryan? It's good to be here, man. It's good to see you again.

0:42.9

Yeah. So you just got done running a marathon while you were here.

0:45.9

I did. I figured, why not? You So I might as well be the guy, right?

0:55.0

That's right.

0:55.8

So let's talk about this, man.

0:58.3

You've done a lot of real estate.

0:59.9

You've done insurance.

1:01.9

You've done a lot of different things.

1:03.3

And so I want to dive deep into what your journey's been because you were able to retire at 28 from passive income.

1:10.3

And then I always kind of hate on passive income.

1:12.3

So I think it's going to be a fun conversation

1:13.9

because to me, passive income is just like kind of a myth in some ways

1:18.8

because nothing is truly passive.

...

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