Investing for Passive Income: Small vs. Big Deals |
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If youβre worried about saving enough of your earnings to meet your financial goals, building wealth through passive income might appeal to you. But which passive income idea should you pursue? Does the size of your investment matter?
In today's episode, Russ and Joey discuss some of the small and big deals they have been considering and the income potential of each transaction. They also discuss their different passive income sources and what they earned for April 2024. While many of their investments have been successful, a couple have not performed as well as expected. Top three things you will learn: - Comparing small and big deals - The upside of hiring an operator - Passive income ideas that have been consistently making money April 2024 Income At-A-Glance: Gross Income for April: $56,160.00 Total Expenses for April: $13,152.81 Total Net Profit for April: $43,007.19 Difference b/t March & April: ($4,170.24) % of net profit to overall gross revenue: 77% Wealth Without Wall Street New Book: https://go.wealthwithoutwallstreet.com/newbook Free IBCA or Financial Freedom Discovery Calls: https://go.wealthwithoutwallstreet.com/freecall-yt Join Our Next Inner Circle Live Event https://go.wealthwithoutwallstreet.com/inner-circle-live Promo Code: PODCAST Explore the World's Largest Car Sharing Marketplace: https://turo.com/ Learn How to Invest in Real Estate with The Land Geek: https://thelandgeek.com/ Turn Active Income Into Passive Income: https://go.wealthwithoutwallstreet.com/pios Take the Financial Freedom Analyzer: https://wealthwithoutwallstreet.com/quiz Subscribe to Our YouTube Channel: https://youtube.com/@WealthWithoutWallStreet Check Out Our Monthly Passive Income Reports: https://wealthwithoutwallstreet.com/passive-income Discover Your Path to Financial Freedom: https://wealthwithoutwallstreet.com/passport Apply to Join the Passive Income Mastermind: https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind How to Buy Online Businesses for Profit: https://go.wealthwithoutwallstreet.com/freedomnavigator Freedom Travel Support System: https://freedomtravelsystems.com/www Join Our Short-Term Rental (STR) Course: https://go.wealthwithoutwallstreet.com/strcourse Invest With Your Friends and Family: https://tribevest.com/partners/wwws STACK Candles: https://stackcandles.com/ Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing: https://go.wealthwithoutwallstreet.com/cars Join the Wealth Without Wall Street Affiliate Program: Email - info@wealthwithoutwallstreet.com and say: I have to be in your Affiliate Program because I believe in what you're doing. β 00:00 - Intro 00:56 - Why would you go through these efforts and share what you're doing personally? 04:09 - What are you most excited about? 08:31 - What are you most frustrated about right now? 11:17 - What was our motivation for investing in Bitcoin? 17:35 - What would you consider a small deal? How much money do you need to put into it, and what are some of the small deals we've been looking at over the last month or so? 20:15 - What are you trying to fix that isn't broken? 21:19 - What would hiring an operator cost you? 21:44 - What is the upside of hiring an operator? 29:55 - What are some of the big deals we've been considering? 31:28 - How much money can we expect to make if we rent out the property on Wednesday and Sunday nights to a church over a 12-month period? π§ Listen Now to the full episode here π https://www.wealthwithoutwallstreet.com/podcast/investing-for-passive-income-small-vs-big-deals - #WealthWithoutWallStreet #infinitebanking #FinancialFreedom #InfiniteBankingConcept #IBC #InfiniteBankingSystem #FinancialindependenceRetireEarly #FIRE #money #entrepreneurship #PersonalFinance #Financialindependence #PassiveIncome #business #investing #Investment #RoundTable #Podcast #Podcasting #PodcastShow #PodcastGuest #PassiveIncomeIsReal #PassiveIncomeStream #PassiveIncomeOperatingSystem #PIOS #FinancialStrategy #FinancialEducation |