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RYB982: What's The Best Way To Create Passive Income in 2021? - Jam Session

RYB982: What's The Best Way To Create Passive Income in 2021? - Jam Session

FromRock Your Brand Podcast


RYB982: What's The Best Way To Create Passive Income in 2021? - Jam Session

FromRock Your Brand Podcast

ratings:
Length:
25 minutes
Released:
May 7, 2021
Format:
Podcast Episode

Description

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.
Released:
May 7, 2021
Format:
Podcast Episode