Do you dream of working less and earning more? If the answer is yes, then read on – passive income may be just the thing for helping you reach your financial goals.
Passive income gives individuals and businesses an opportunity to generate ongoing income streams with no extra work. It can provide invaluable security against the unexpected disruptions that life throws at us from time to time, and the potential for long-term wealth building.
In this episode I talk about what passive income is, how it works, some potential sources of passive income – and how making a plan today will help set yourself up for success tomorrow.
Generating passive income can be a powerful way to achieve financial independence, but it’s not something that comes easy. It requires dedication and the willingness to take risks in order to get the most from your earnings.
If you are looking for ways to earn passive income, then this episode is for you!
IN THIS EPISODE, YOU’LL FIND OUT…
- What is leveraged income? (01:25)
- What does passive income really mean? (03:03)
- Forms of passive income (04:26)
- The secret to passive income (06:01)
- The easiest way to generate a passive income (07:06)
QUOTES
“My definition of financial freedom is when your passive income exceeds your living expenses.” -Carl Taylor
“Leveraged income is where the amount you make could be higher than the amount of work.” -Carl Taylor
WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter
Like this episode? Have topics that you would like us to discuss? We’d love to hear your feedback and comments. Let us know by leaving a comment below.