Thu, 13 October 2022
Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.
In this episode, Travis explains how passive income is the key to accumulating wealth. He provides examples of different types of passive investments you can make, highlights the top three reasons why someone might consider passive income, and uses a scenario to demonstrate how generating passive income can be truly life-changing.
Types of Passive Investments
Passive investing doesn’t just apply to real estate. There are many different options for earning passive income:
3 Reasons to Consider Passive Income
Long-term capital gains, qualified dividends, real estate — these are tax-advantaged places to put your money.
Passive income allows you to do more of the things you love and less of the things you don’t.
It’s much easier to make more investments and keep adding to your portfolio than it is to keep adding time onto your plate and working more and more.
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