5 Types Of Passive Income YOU Need To Have

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Want to create the most efficient passive income stream? In this video, I will introduce you to 5 types of passive income YOU need.

Passive income is a great way to supplement your income and have some extra money saved up. Furthermore, it is a great way to generate income without working hard. It’s also a great way to create extra cash while you continue to work your regular job.

“I wanna get paid as we go along.” 8:35

Building wealth is not merely a luxury but a necessity for financial stability and security. In wealth creation, passive income streams occupy a crucial position.

These sources of income, which include investments like rental properties, dividend stocks, royalties, or covered calls, generate earnings with minimal active involvement.

After watching this video, you’ll better understand real passive income ideas for your financial future.

Show Notes:
0:00 Intro
1:41 Income
3:43 Rents
4:40 Royalties
5:52 Interest
6:44 Dividends
9:24 STCG
11:09 Overview
11:51 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#passiveincome #stocks #realestateinvesting

From: Soumen D

Date: November 30, 2023

48 thoughts on “5 Types Of Passive Income YOU Need To Have”

FANTASTICAL!!! 🤯

As somebody who has shifted from dividend to growth stocks, I’ll answer this one. Some companies pay small or no dividends because they can get good returns on the money within the business. This is commonly referred to as return on invested incremental capital. They may also use the money to do share buybacks which is more tax efficient than receiving a dividend. Companies that issue big dividends generally have no use for the money. I’d rather my equity in the company go up and pay no taxes than have to pay taxes all along the way. It also just so happens that most of the best companies as measured by profitability metrics pay a tiny or no dividend. I’d also say that it’s true that rich people have multiple streams of income but that’s not how they got rich. Most rich people get rich in one or maybe two things then diversified.