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How to Build Passive Income | Phil Town

Passive Income Tip: Passive income is defined as income that requires minimal effort or perhaps even zero effort to earn. Passive income typically enables your money to work for you. It's a “work smarter, not harder” situation. We can compare it against active income, where your effort is 100% correlated to your income. (yourmoneygeek.com)

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One of the easiest ways to retire sooner than you thought is by finding a way to generate passive income. In this video, I want to provide you with a few tips to help you build passive income, so you can achieve financial freedom sooner than you imagined! https://bit.ly/3jVcUiL

Learn how to build passive and retire sooner than you imagined with my Beginner's Guide to Investing in 2021! Click on the link above to get started.

#finance #passiveincome

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Looking to master investing? Attend one of my 3-Day Transformational Investing Workshops, virtually! Reserve your seat here: https://bit.ly/r1-virtual-workshop

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I'm now on Clubhouse! Give me a follow: @philtown — see you there!

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Timestamps

00:00 – Intro
01:36 – Compounding interest explained
04:46 – Real estate investing
08:14 – Investing explained

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investing for beginners, passive income explained, passive income ideas, passive income streams, passive income ideas 2021

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