The Passive Income Investing Strategy
In today’s episode, I want to pull apart a concept that I think is really important for investors to understand, particularly experienced investors who may feel that they are getting a lot of wins.
I want to distinguish between passive and active investing and how that contributes to a passive income investing strategy.
I had a call earlier this week with a really great guy who has, on all accounts, been really successful both in terms of business and his investing endeavours: he’s purchased a number of real estate projects. Some of those have phenomenal development potential and it looks like he’s going to be able to convert a couple of those sites into some industrial, light industrial and townhouse construction developments.
I started to pull apart what this guy already had in play. And it was really apparent to me that although on the surface it was a great portfolio, he had a high net worth and a great income, he had to work really, really hard to make this strategy that he was working on profitable.
- what investors should be aware of as their net worth grows,
- the difference between active and passive investing,
- what a passive income investing strategy is, and
- why true wealth building is about creating a passive investment.
00:00:00 – Intro
00:02:05 – What Investors Should be Aware of as Their Net Worth Grows
00:03:18 – Difference Between Active and Passive Investing
00:04:27 – What is a Passive Income Investing Strategy?
00:07:08 – True Wealth Building is About Creating a Passive Investment
00:08:32 – Conclusion
00:09:06 – Outro
Welcome to the 103rd edition of...
Welcome to the 102nd edition of the...
Welcome to the 101st edition of the...
Welcome to the 100th edition of the...