Generating a passive income stream, enough to replace a salary, is the dream for many investors. But how realistic is it to actually get there? In this episode we go through:
– The main ways to generate passive income.
– Why we think investing is the way to do it.
– A step by step guide to replace your salary with income from your portfolio.
Best ETFs for High Growth: https://www.youtube.com/watch?v=b6mg3ktjva0
We love hearing from you! Leave us a voicemail and we’ll answer your question on the show: https://www.speakpipe.com/EquityMates
0:00 Introduction
1:38 3 main ways to generate passive income
3:12 Stocks over property
6:04 Why stocks
8:35 The 4 steps to replace your salary
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This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
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