Life is as simple or complex as we choose to make it. Unfortunately, if you want to make a lot of money, you will need to complicate your life.
Building passive income requires knowledge, but that doesn’t mean it has to be difficult. Many people have limiting beliefs that prevent them from earning dividends, rents, and royalties.
Choose Your Passive Income Adventure 3
We can overcome limiting beliefs by educating ourselves and taking massive action. We can all become confident enough to invest in real estate, business, and the stock market with the correct information.
Speaking of information, I would like to proudly introduce three great books for your reading pleasure and educational delight. These books will introduce you to the world of real estate, business, and investing.
How We Plan to Retire on Dividends 3
“How We Plan to Retire on Dividends 3” teaches you about investing in fixed income, dividends, and index funds. Dividends are the most passive form of income available; however, they cost the most money to build a significant income stream.
Financial Independence through Real Estate 3
“Financial Independence through Real Estate 3” walks you through the benefits of house hacking, how to invest across all ages, and determining the best time to buy real estate. Rental income is consistent, and you can even build an income stream without dealing with tenants.
Retire Rich, Retire Comfortable with a Business 3
“Retire Rich, Retire Comfortable with a Business 3” explains the two types of passive business income: royalties and automated residual income. Royalties are like dividends but originate from your creative works. An automated business makes money for you even while you sleep.
You don’t have to be a superstar stock market investor, real estate tycoon, content creator, or entrepreneur to enjoy the benefits of passive income. In fact, by dabbling in each of these areas, you can build an overall diverse portfolio of revenue.
Good luck on our passive income adventure. It may seem tricky as you begin because there is a steep learning curve. However, the learning curve doesn’t come from lack of education; it comes from mindset.
Our parents taught us to “work hard” for money. You will work hard building passive income, but you are not working for money; you are “working for assets.” Once you obtain an asset, it continues to make money for you forever.
This freedom allows you to move on to acquiring the next income-producing asset. Once you have enough assets to cover your living expenses, you will become financially independent. Then you can retire and focus on becoming wealthy.
- PDF of the Month: Make $500/Month in Dividends (pdf)
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- Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)
- Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)
- Investing: How We Plan to Retire on Dividends 2 (165-Page Free PDF)
- Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)
- Real Estate: Financial Independence through Real Estate 2 (Free 123-Page PDF)
- Business: Retire Rich, Retire Comfortable with a Business 2 (Free 185-Page PDF)
- Latest DGWR: Don’t Gamble with Retirement 6 (Free 409-Page PDF)
- Everything!: The Biggest Book on Passive Income Ever 2! (book)(Web Edition)(Art Edition)
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- Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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