5 Types Of Passive Income YOU Need To Have

0 views

0 0

Join Infinity Investing as a Basic Member and Unlock Your Free Training Today! 👉https://inf.link/g5x

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
———————————————————————————————————
SUBSCRIBE
https://aba.link/subscribe

~~~~
Receive a FREE 45-minute, no-obligation asset protection strategy session on how to best protect your business and personal assets. https://aba.link/8dv

FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate Asset Protection from Clint Coons, Esq., and Toby Mathis, Esq. at our next all-day FREE Live Stream. Our attorneys and specialists will answer all of your questions: Save Your Seat: https://aba.link/8c8f2f

TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/114

OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our partners, attorneys, and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
https://aba.link/tobyevents

~~~~

FINANCIAL PLANNING & TAX RESOURCES

📚 Order Your Copy of “Infinity Investing: How The Rich Get Richer And How You Can Do The Same” Here: 👉👉 👉 https://aba.link/IIWbook

Order Your Copy of ”Tax-Wise Business Ownership” and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop

Visit Anderson Advisor’s website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba

~~~~

FOLLOW US:
Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin
TikTok: https://www.tiktok.com/@tobymathisesq

~~~~

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
———————————————————————————————————
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”

Great video, Rents, W2, Interest, Dividends (Reinvest, reinvest, reinvest!!!) Have to look into Royalty income…interesting.

Dividends

VNQ, VYM, JEPI, JEPQ, BND, High Int. Savings, Crypto Staking

So glad I stumbled on this channel

What about buying and selling cryptocurrencies? there is a 0% tax beyond 10.000k per year in my country and after that only a 10% tax.

I generally invest in index ETF's at around 70%, Bonds/CD's at 10%, covered call ETF's at 10%, and individual stocks at 10%.
Honestly, I could probably live off the dividends and disbursements on my portfolio. But why do that when my jobs is pretty decent and I can make MORE?!
The only thing I don't have is rental income and royalties, so I just buy REIT's for indirect real estate investment. As for royalties, I'm pretty uncreative, and I don't want to buy IP rights either.

No royalty income here but do have the others. I also love deferred comp (like pension) as well as 1099 income from my hobby (help me deduct expense)

Great video. Love your channel. If you are mainly investing in dividend stocks and you do the stcg route don't you end up losing you dividend income because they end up buying the stock?

All five sources of income require that you already have wealth. If you already have wealth you would have put your money in these five sources of income. Wealth is great once you can get out of the daily grinder.